If the Government Imposes a Binding Price Floor in a Market

question 104

True/False

If the government imposes a binding price floor in a market, then the consumer surplus in that market will increase.

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Definitions:

Generalization

When a conditioned response is elicited in response to things similar to the conditioned stimulus.

Discrimination

Narrowing the conditions that produce the conditioned response.

Deconditioning

Reversing conditioning to eliminate the conditioned response.

Conditioned Response

The response produced by the conditioned stimulus after classical conditioning (e.g., salivation following the sound of the bell).