If the Government Were to Intervene and Set the Price

question 100

Multiple Choice

If the government were to intervene and set the price of a dozen eggs above the market price,then we would expect,relative to the market outcome,

• A)an increase in the number of eggs people want to buy and an increase in the number of eggs farmers want to sell.
• B)an increase in the number of eggs people want to buy and a decrease in the number of eggs farmers want to sell.
• C)a decrease in the number of eggs people want to buy and an increase in the number of eggs farmers want to sell.
• D)a decrease in the number of eggs people want to buy and a decrease in the number of eggs farmers want to sell.

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Definitions:

Reversal Design

A single-subject experimental design in which behavior is measured to provide a baseline (A), then again after the treatment has been applied (B), then again after the conditions during baseline have been reintroduced (A), and then once again after the treatment is reintroduced (B). Also known as ABAB design.

Single-Subject Experiments

Research studies that focus on the response of a single subject to experimental treatments over time, allowing detailed observation of behavior changes.

Control Group

In experimental research, a group of subjects that does not receive the experimental treatment, used for comparison with the treated group.

ABAB Design

A type of experimental design in behavioral research where A represents a baseline condition and B represents an intervention or treatment, with the sequence illustrating the effect of the intervention.