-Suppose That Initially the Market for DVDs Is at Point

question 149

Multiple Choice

-Suppose that initially the market for DVDs is at point A on demand curve D₂ in Figure 3-3.If the price of cassette tapes decreased,

• A) the demand curve will shift to D₃
• B) equilibrium will move to point B on demand curve D₁
• C) equilibrium will move to point C on demand curve D₁
• D) there will be no change from point A
• E) the demand curve will shift to D₂

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Definitions:

B. F. Skinner

An American psychologist and behaviorist known for his work in operant conditioning, emphasizing the role of reinforcement and punishment in modifying behavior.

Operant Conditioning

A learning principle where behaviors are influenced by the consequences that follow them.

Behaviour Therapists

Mental health professionals who use principles of behaviorism to treat psychological disorders and improve patients' behavioral patterns.

Observational Learning

The process of acquiring knowledge, skills, or behaviors by watching and imitating others.