A Decrease in the Price of a Good Would

question 89

Multiple Choice

A decrease in the price of a good would

• A)increase the supply of the good.
• B)increase the quantity demanded of the good.
• C)give producers an incentive to produce more to keep profits from falling.
• D)shift the supply curve for the good to the left.

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Definitions:

Kaizen

A Japanese term for 'continuous improvement', often applied in business contexts to denote ongoing, incremental improvement strategies.

Reinforcement

In psychology, a consequence that strengthens an organism's behavior whenever that behavior is preceded by a specific antecedent stimulus.

Positive Behaviors

Actions or conduct that are considered beneficial, constructive, or promoting well-being and positive outcomes.

Secondary Reinforcers

Stimuli that become rewarding through their association with primary reinforcers, such as praise or money.