If Pepsi Goes on Sale and Decreases Its Price by 10

question 73

Multiple Choice

If Pepsi goes on sale and decreases its price by 10 percent,and as a result,the quantity demanded of Coca Cola decreases by 5 percent,then Pepsi and Coke are ________ goods.

• A) inferior
• B) normal
• C) substitute
• D) complementary
• E) unrelated

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Definitions:

Radical Behaviorism

An approach to psychology that treats observable behavior as the primary subject matter of psychology and emphasizes the environment's role in shaping behavior through reinforcement.

Bandura's Concept

Bandura's Concept revolves around the theory of social learning, emphasizing the importance of observational learning, imitation, and modeling in acquiring new behaviors.

Reinforcement

In behavioral psychology, it is the process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Skinner's Theory

Another term for Skinner's Radical Behaviorism, focusing on the importance of observable behavior and the use of reinforcement methods for behavior modification.