Use the Following Figure to Answer the Question

question 120

Multiple Choice

Use the following figure to answer the question :
-A 4% decline in the price of laser printers causes the quantity demanded to rise by 8%. The demand for laser printers is

• A)perfectly elastic.
• B)elastic.
• C)unit elastic.
• D)inelastic.
• E)perfectly inelastic.

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Definitions:

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, leading to a pattern of responses.

Variable Interval

Variable interval refers to a type of reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable amount of time has passed, leading to a steady and resistant response rate.

Variable Ratio

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses, making it highly resistant to extinction.

Fixed Interval

A reinforcement schedule where a reward is given after a predetermined time period has passed following a response.