According to the Law of Demand

question 176

Multiple Choice

According to the law of demand

• A) people buy more of a good when the price rises.
• B) people buy more of a good when their income rises.
• C) people buy more of a good when the relative price rises.
• D) people buy more of a good when the price falls.

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Definitions:

Schedule of Reinforcement

A plan or rule set for determining when and how often reinforcement will be delivered in behavior modification techniques.

Interval Schedule

A reinforcement schedule in which rewards are given after a variable or fixed interval of time has passed.

Time Elapsed

The total amount of time that has passed from the beginning of an event to a specific point in time.

Hours Worked

Hours worked refers to the total number of hours spent by an individual in performing their job duties during a specified period.