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When Rochelle has an on-the-road lesson as part of her driver education class, she fails to stop at a school crossing zone, as is required by law. Her instructor has her drive around the block several times and stop each time at the crossing zone. He also insists that, once she has stopped, she must wait at least eight seconds before proceeding. The instructor's strategy illustrates the use of _______ as a way of bringing about behavior change.
Giffen Goods
A type of good for which demand increases as the price increases, and falls when the price decreases, violating the basic law of demand in economics.
Law of Demand
A fundamental principle stating that all else being equal, as the price of a good increases, the quantity demanded of that good decreases, and vice versa.
Marginal Utilities
The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.
Optimal Choice
The decision that yields the highest benefit or utility for an individual, considering constraints and available information.
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