When the Supply And/or Demand Curve Shift, the New Market

question 104

Multiple Choice

When the supply and/or demand curve shift, the new market clearing price is

• A) reached instantaneously.
• B) reached only after the government intervenes in the market.
• C) reached after some period of adjustment.
• D) never reached.

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Definitions:

Conditioning Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

Learning Stimulus

Any stimulus that influences or changes learning behavior; often involved in associative learning processes where it becomes linked with a specific response or behavior.

Discriminative Operant

A discriminative operant is a behavior influenced by the presence of a specific stimulus, indicating that reinforcement or punishment is available, thus guiding the organism's responses.