If the Price of a Commodity Increases,you Can Usually Expect

question 95

Multiple Choice

If the price of a commodity increases,you can usually expect the:

• A)supply to increase.
• B)quantity supplied to increase.
• C)quantity supplied to decrease.
• D)supply curve to shift to the right.

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Definitions:

Unconditioned Response

A naturally occurring reaction to an unconditioned stimulus that does not require learning.

Conditioned Response

A learned reaction to a previously neutral stimulus that occurs after repeated association with an unconditioned stimulus.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without prior learning or conditioning.

Conditioned Stimulus

In classical conditioning, a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, triggers a conditioned response.