By Definition, an Inferior Good Is a

question 106

Multiple Choice

By definition, an inferior good is a

• A) want that is not expressed by demand.
• B) normal substitute good.
• C) good for which demand decreases when its price rises.
• D) good for which demand decreases when income increases.

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Definitions:

Variable-ratio

A reinforcement schedule in behavioral psychology where a response is reinforced after an unpredictable number of responses.

Latent Learning

A form of learning that occurs without any obvious reinforcement of the behavior or associations that are learned.

Discrimination Learning

The process of learning to respond differently to various stimuli or situations, often by recognizing differences.

Cognitive Map

A cognitive map is a mental representation of a person's physical environment, allowing them to navigate and understand spatial information.