NARRBEGIN: Exhibit 6-11 Exhibit 6-11

question 119

Multiple Choice

NARRBEGIN: Exhibit 6-11
Exhibit 6-11

-When the price is P in Exhibit 6-11, the shaded area represents

• A) a shortage
• B) producer surplus
• C) a price floor
• D) consumer surplus
• E) a price ceiling

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Definitions:

Effect

Refers to the outcome or impact that results from a particular cause or action.

Positive Reinforcement

A process in behavior reinforcement where a behavior is encouraged by rewarding a desirable outcome.

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus following a desired behavior strengthens that behavior.

Positive Punishment

Adding an unfavorable outcome or consequence after an undesired behavior to decrease the likelihood of that behavior occurring again.