A Uniform Increase in the Price of a Good ______

question 8

Multiple Choice

A uniform increase in the price of a good ______ the real income (and well-being) of households that are net _____ of it and ______ the real income of households that are net _______.

• A) lowers; sellers; raises; buyers
• B) lowers; sellers; reduces; buyers
• C) raises; buyers; raises; sellers
• D) raises; sellers; reduces; buyers

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Definitions:

Operant Conditioning

The act of modifying how strongly a behavior is exhibited by the application of positive or negative stimuli.

Lever Pressing

Lever Pressing is an experimental procedure in behaviorism where an animal is trained to press a lever to receive a reward.

Rats

Small rodent animals often used in scientific research due to their physiological similarity to humans and their manageable size.

Primary Reinforcer

A stimulus that satisfies a biological need and innately motivates behavior, such as food, water, or sleep.