If an Increase in the Price of Lemonade Causes More

question 112

Multiple Choice

If an increase in the price of lemonade causes more people to sell lemonade, then it can be argued that the price increase

• A)acted as a transfer price.
• B)caused a redistribution of income.
• C)caused a market failure
• D)reduced competition.
• E)acted as an incentive.

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Definitions:

Psychoanalytic Theory

A framework developed by Sigmund Freud that posits human behavior is influenced by unconscious motives and conflicts.

Superego

A component of Sigmund Freud's psychoanalytic theory, representing the moral conscience and the ethical standards by which the ego operates.

Social Learning Theory

A theory that suggests people learn new behaviors and norms through observation, imitation of others, and modeling, especially from those in authority or peer groups.

Reinforcement

In psychology, a process by which a certain stimulus or action encourages the repetition of a behavior, strengthening the likelihood of its occurrence.