If Demand Increases by a Lesser Amount Than Supply Increases,then

question 1

Multiple Choice

If demand increases by a lesser amount than supply increases,then equilibrium price __________ and equilibrium quantity __________.

• A) rises; falls
• B) falls; falls
• C) rises; rises
• D) falls; rises

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Definitions:

Classical Conditioning

Gaining knowledge through the connections made between an environmental cue and a stimulus that naturally exists.

Operant Conditioning

A method of learning that uses rewards and punishments to increase or decrease the likelihood of a behavior.

Behaviour Modification

A process of changing maladaptive or undesired behaviors through reinforcement strategies, punishment, or other learning techniques.

Classical Conditioning

A mode of learning through which two stimuli are systematically associated; a reaction that is initially provoked by the second stimulus soon gets provoked by the first stimulus.