Suppose Your Own Demand Curve for Tomatoes Slopes Downward

question 93

Multiple Choice

Suppose your own demand curve for tomatoes slopes downward.Suppose also that,for the last tomato you bought this week,you paid a price exactly equal to your willingness to pay.Then

• A)you should buy more tomatoes before the end of the week.
• B)you already have bought too many tomatoes this week.
• C)your consumer surplus on the last tomato you bought is zero.
• D)your consumer surplus on all of the tomatoes you have bought this week is zero.

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Definitions:

Unconditioned

In behavioral psychology, refers to stimuli or responses that are natural and do not require learning to manifest.

Conditioned

The process by which an individual's behavioral response is learned or modified through experience or training.

Learned

Acquired knowledge or skills through experience, study, or being taught.

Habituation

Habituation is the psychological process in which there is a decrease in response to a repeated stimulus over time.