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In a Particular Insurance Market,there Is a Decrease in the Degree

question 137

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In a particular insurance market,there is a decrease in the degree of risk aversion among buyers.Holding everything else constant,the equilibrium premium will _____ and the equilibrium quantity of insurance will _____.

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Definitions:

Optimal Interstimulus Intervals

The ideal time gap between consecutive stimuli that maximizes learning or the effectiveness of a response.

Reflex System

A biological system that enables organisms to respond automatically to specific stimuli without conscious thought.

CS

stands for Conditioned Stimulus, an originally neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

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