When Demand Falls and Supply Stays the Same

question 179

Multiple Choice

When demand falls and supply stays the same,

• A)equilibrium price rises.
• B)equilibrium price falls.
• C)equilibrium price stays the same.

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Definitions:

Classical Conditioning

An educational method where two signals are consistently linked together, leading to a reaction initially triggered by the second signal, being ultimately triggered by just the first one.

Operant Conditioning

A learning process through which behavior is shaped by reinforcement or punishment.

Latent Learning

A type of learning that occurs without any obvious reinforcement of the behavior or associations that are learned.

Learning/Performance Distinction

Referring to the observation that learning can take place without actual performance of the learned behavior.