What Do Supply and Demand Curves Have in Common

question 29

Multiple Choice

What do supply and demand curves have in common?

• A) They both usually slope upward.
• B) They both show a relationship between quantity and price.
• C) They both usually slope downward.
• D) They can both shift in response to changes in income or wealth.
• E) Neither of them is influenced by the size of the population.

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Definitions:

Secondary Reinforcers

Conditioned stimuli that acquire reinforcement value through their association with primary reinforcers.

Conditioned Reinforcers

Stimuli or rewards that have become reinforcing by being paired with another reinforcer, sometimes called secondary reinforcers.

Established Reinforcers

Stimuli that have acquired the capacity to strengthen behavior due to their consistent association with primary reinforcers or through inherent desirability.

Operant Conditioning

A learning process in which behaviors are controlled by consequences, with rewards increasing the likelihood of a behavior and punishments decreasing it.