If the Equilibrium Price of an Hour with a Personal

question 140

Multiple Choice

If the equilibrium price of an hour with a personal trainer is $45 and the market price is currently $55,then there is

• A)a surplus of personal trainers
• B)a shortage of personal trainers
• C)equilibrium

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, emphasizing the effects of consequences on behavior.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

Conditioned Response

A learned reaction to a previously neutral stimulus, obtained through repeated association with an unconditioned stimulus.

Biologically Primed

The concept that certain behaviors or responses are innately predisposed due to evolutionary history.