When a Price Support Is Set Below the Equilibrium Price,producers

question 164

Multiple Choice

When a price support is set below the equilibrium price,producers ________ the quantity supplied,and consumers ________ the quantity demanded.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease
• E) do not change; do not change

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Definitions:

Secondary Reinforcer

An artificial or learned stimulus that gains its reinforcing power through its association with a primary reinforcer, often used in behavior modification programs.

Operant Reinforcer

Operant Reinforcer is any stimulus which strengthens or increases the probability of a specific response by means of reward or punishment following that response.

Classical Reinforcer

An item or stimulus that increases the likelihood of a specific response by being presented after the response occurs in a conditioning process.

Primary Reinforcer

A primary reinforcer is a stimulus that is naturally rewarding and satisfies a biological need, such as food or water.