A Surplus Exists in the Market for Barbie Dolls at the Prevailing

question 64

Multiple Choice

A surplus exists in the market for Barbie dolls at the prevailing price. The surplus will be eliminated by a price:

• A)​increase, decreasing the supply and increasing the demand.
• B)​decrease, decreasing the supply and increasing the demand.
• C)​decrease, increasing the quantity supplied and increasing the quantity demanded.
• D)​decrease, decreasing the quantity supplied and increasing the quantity demanded.

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Definitions:

Unconditioned Response

A natural, unlearned reaction to an unconditioned stimulus.

Continuous Reinforcement Schedule

A reinforcement strategy in which every instance of a desired behavior is reinforced, leading to quicker learning of the behavior.

Unconditioned Avoidance Response

An automatic, natural reaction to avoid harm or unpleasantness without the need for previous conditioning.

Electra Complex

A psychoanalytic theory which posits that a girl during her psychosexual development experiences a sense of competition with her mother for the affections of her father.