The Figure Given Below Shows the Demand Curves for Five

question 23

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1

-When the price of hot dogs at the supermarket increases, the quantity demanded of hot dog buns declines. This situation describes:

• A)the income elasticity of demand for hot dogs.
• B)the income elasticity of demand for hot dog buns.
• C)the price elasticity of supply for hot dogs.
• D)the negative cross-price elasticity of demand for hot dogs and hot dog buns.
• E)the positive cross-price elasticity of supply for hot dogs and hot dog buns.

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Definitions:

Biscuit

A small baked product that varies in texture and taste based on geography, ranging from hard and flat to soft and flaky.

Positive Punishment

The presentation of a stimulus following a given behavior in order to decrease the frequency of that behavior.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior. Through operant conditioning, an individual makes an association between a particular behavior and a consequence (either a reward or punishment).

Reprimanding

The act of expressing to someone that they have done something wrong, often in a stern or formal manner.