Assume That the Market for Baseballs Is in Equilibrium

question 152

Multiple Choice

Assume that the market for baseballs is in equilibrium.There is a sudden decrease in income throughout the economy.If all else is held constant,we would expect that if baseballs are a(n) ________ good,then the demand curve will shift to the ________,causing the equilibrium price and quantity to ________.

• A) inferior; left; fall
• B) normal; right; rise
• C) inferior; right; fall
• D) normal; left; fall
• E) normal; left; rise

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Definitions:

Behavior Chain

A sequence of related behaviors that lead from one specific action or event to another, often contributing to the development or maintenance of certain habits or behaviors.

Punishment

A method of enforcing discipline or correcting behavior by administering a penalty or consequence for a specific action or inaction.

ABC

A model or approach in various fields; commonly, in psychology, it stands for Antecedent, Behavior, Consequence, encapsulating a framework for understanding behavior.

Behavior Chain

A sequence of events or actions linked together, where one action triggers the next, often used in behavior analysis and modification.