If Consumers Are Less Willing and Able to Pay for Each

question 28

Multiple Choice

If consumers are less willing and able to pay for each level of output than they were previously, then apparently:

• A)​demand has increased.
• B)​supply has increased.
• C)​demand has decreased.
• D)​there has been a movement down along the demand curve.

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Definitions:

Matching Law

A principle that states the proportion of responses allocated to a particular option matches the proportion of reinforcements obtained from that option.

Schedules of Reinforcement

The rules or plans for determining when and how often reinforcements, like rewards or punishments, are given in behavior conditioning processes.

Access

The right or opportunity to use or benefit from something, such as services, data, or resources.

Two-Factor Theory

A psychological theory proposing that human emotions result from a combination of a state of physiological arousal and a cognitive interpretation of that arousal.