According to the Graph Shown, If the Market Goes from Equilibrium

question 65

Multiple Choice

According to the graph shown, if the market goes from equilibrium to having its price set at $10:

• A) deadweight loss will occur.
• B) seven fewer units will be exchanged.
• C) consumer surplus will decrease.
• D) All of these are true.

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Definitions:

Primary Reinforcement

A naturally reinforcing stimulus, such as food or water, which fulfills a biological need.

Secondary Reinforcement

A process in behaviorism where a stimulus reinforces a behavior after it has been associated with a primary reinforcer, often taking the form of social approval, tokens, or money.

Shaping

A method used in behavioral psychology to teach new behaviors by reinforcing successive approximations toward a desired behavior.

Electric Shock

A sudden discharge of electricity through a part of the body, often used in experiments or as a deterrent.