Figure 3-8

question 340

Multiple Choice

Figure 3-8
-Refer to Figure 3-8.The graph in this figure illustrates an initial competitive equilibrium in the market for sugar at the intersection of D1 and S1 (point A) .If there is an increase in the price of fertilizer used on sugar cane and there is a decrease in tastes for sugar-sweetened soft drinks,how will the equilibrium point change?

• A)The equilibrium point will move from A to B.
• B)The equilibrium point will move from A to C.
• C)There will be no change in the equilibrium point.
• D)The equilibrium point will move from A to E.

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Definitions:

Respondent Behavior

A type of behavior that occurs as an automatic response to a specific stimulus, often reflexive and not under conscious control, such as knee-jerk reactions.

Shaping

A method of teaching new behaviors by rewarding successive approximations of the target behavior.

Reinforcement

In psychology, a stimulus or event that follows a behavior and increases the likelihood of that behavior being repeated.

Shaping

A method of operant conditioning where successive approximations of a desired behavior are reinforced until the exact behavior is achieved.