A Shortage or a Surplus Can Exist When the Current

question 139

True/False

A shortage or a surplus can exist when the current price is equal to the equilibrium price.

---

Definitions:

Partial Reinforcement

In behavioral psychology, this refers to a conditioning schedule where only some of the responses are followed by a reward, making a behavior more resistant to extinction.

Unpredictable Occasions

Events or situations that occur without forewarning and cannot be anticipated based on prior experience or knowledge.

Pigeon

A bird of the family Columbidae, known for its ability to find its way home over long distances.

Associative Learning

The process by which an association between two stimuli or a behavior and a stimulus is learned.