Assume That Supply Increases Slightly and Demand Increases Greatly

question 46

Multiple Choice

Assume that supply increases slightly and demand increases greatly.Which of the following will happen?

• A)equilibrium price will fall and equilibrium quantity will rise
• B)equilibrium price will rise and equilibrium quantity will fall
• C)equilibrium price will rise and equilibrium quantity will rise
• D)equilibrium price will fall and equilibrium quantity will fall
• E)neither equilibrium price nor equilibrium quantity will change

Recognize the role of discriminative stimuli in shaping behaviors.

Identify and differentiate between fixed-ratio, variable-ratio, fixed-interval, and variable-interval schedules of reinforcement.

Understand the concept and process of shaping behaviors through successive approximations.

Grasp the concept of extinction within operant conditioning and its effects on behavior.

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Definitions:

Outsider

An individual who is not part of a specific group, community, or organization and may have a fresh or unbiased perspective.

Leadership Position

A role or office that carries the authority to guide and direct others, making decisions that influence the course of events or business operations.

Radical Change

Profound and fundamental transformation that dramatically alters the existing structure, operations, or culture of an organization, system, or societal norm.

Formal Education

Structured learning that occurs through an organized curriculum in institutions like schools, colleges, and universities, typically leading to certification or degrees.