-Refer to the Above Table

question 332

Multiple Choice

-Refer to the above table. What is the absolute price elasticity of demand when price changes from $6.00 to $6.50?

• A) 1.60
• B) 1.00
• C) 0.65
• D) 0.60

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Definitions:

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, often used in behavior modification programs.

Variable Interval

A reinforcement schedule in which the reinforcement is provided after a variable and unpredictable amount of time has passed following a behavior.

Fixed Interval

In operant conditioning, a schedule of reinforcement where the first response after a specified amount of time has elapsed is rewarded.

Continuous Reinforcement

A learning process in which a behavior is reinforced each time it occurs, leading to faster acquisition of the behavior.