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Income Elasticity Measures the Change in Quantity Demanded of Some

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Income elasticity measures the change in quantity demanded of some product with respect to changes in


Definitions:

Fixed-ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses, often used in behavior therapy and training.

Variable-interval

A variable-interval schedule in psychology refers to a reinforcement strategy where a response is rewarded after an unpredictable amount of time has passed.

Secondary Reinforcer

A learned stimulus that acquires its reinforcing qualities through association with primary reinforcers.

Primary Reinforcer

A stimulus that is naturally satisfying or rewarding, like food or water, which does not require learning to be effective.

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