A Decrease in Price Along the Elastic Segment of a Demand

question 114

Multiple Choice

A decrease in price along the elastic segment of a demand curve will _____

• A)decrease marginal utility and increase total utility.
• B)decrease total utility as well as marginal utility.
• C)increase marginal utility and decrease total utility.
• D)increase total utility as well as marginal utility.
• E)decrease consumer surplus and increase consumer expenditure.

Recognize the importance of timing and stimulus association in classical conditioning.

Understand the concept of classical conditioning and its basic components: unconditioned stimulus, conditioned stimulus, unconditioned response, and conditioned response.

Differentiate between unconditioned and conditioned stimuli and responses.

Identify examples of classical conditioning in everyday life.