Studies Have Shown That Drinking One Glass of Red Wine

question 196

Multiple Choice

Studies have shown that drinking one glass of red wine per day may help prevent heart disease.Assume this is true,and a fungal disease destroys a large portion of the grape harvest of California vineyards.In the market for red wine,these two developments would

• A)increase demand and increase supply,resulting in an increase in the equilibrium quantity and a decrease in the equilibrium price of red wine.
• B)increase demand and decrease supply resulting in a decrease in both the equilibrium quantity and the equilibrium price of red wine.
• C)increase demand and decrease supply,resulting in an increase in the equilibrium price and an uncertain effect on the equilibrium quantity of red wine.
• D)increase demand and decrease supply,resulting in an increase in both the equilibrium price and the equilibrium quantity of red wine.

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Definitions:

Fixed-interval Schedule

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

40-hour Work Week

The standard full-time working hours agreement, typically spread across five days of the week.

Paid

Receiving money or other forms of compensation in exchange for goods provided or services rendered.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, emphasizing the effects of consequences on behavior modification.