Equilibrium Quantity Must Decrease When Demand

question 108

Multiple Choice

Equilibrium quantity must decrease when demand

• A)increases and supply does not change,when demand does not change and supply decreases,and when both demand and supply decrease.
• B)increases and supply does not change,when demand does not change and supply increases,and when both demand and supply decrease.
• C)decreases and supply does not change,when demand does not change and supply increases,and when both demand and supply decrease.
• D)decreases and supply does not change,when demand does not change and supply decreases,and when both demand and supply decrease.

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Definitions:

Negative Reinforcement

A behavioral concept where an unpleasant stimulus is removed following a desired behavior, increasing the likelihood of that behavior being repeated.

Positive Reinforcement

The addition of a rewarding stimulus following a desired behavior, making it more likely that the behavior will occur again.

Contingency

Describes a future event or circumstance that is possible but cannot be predicted with certainty.

Operant Conditioning

A learning process in which the strength of a behavior is modified by its consequences, such as reward or punishment.