Examlex
The basic premise of reinforcement is that behavior that is rewarded is likely to be repeated and behavior that is punished is less likely to recur.
Store Brand
Products marketed and sold under a retail store's brand name, often positioned as lower-cost alternatives to national brands.
Income Effect
The change in an individual's or economy's consumption choices as income increases or decreases.
Price Elastic
The responsiveness of the demand for a product or service to changes in its price, affecting sales volume and revenue.
Quantity Demand
The total amount of a product or service that consumers are willing to purchase at a given price over a specified period.
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