The Price of X Is $20 and the Price of Y

question 61

Multiple Choice

The price of X is $20 and the price of Y is $40.
-According to the following graph,at what price of Y are Y₂ units demanded? The consumer's income is $1,200.

• A)$ 8
• B)$10
• C)$15
• D)$16
• E)$12

---

Definitions:

Classically Conditioned

The process by which a neutral stimulus becomes associated with an innately meaningful stimulus and acquires the capacity to evoke a similar response.

Observational Learning

Learning that occurs through observing the behavior of others and the outcomes of those behaviors.

Conditioned Response

A learned response to a previously neutral stimulus that becomes conditioned after being associated with an unconditioned stimulus.

Unconditioned Stimulus

Within classical conditioning, a stimulus that inherently and automatically elicits a response without any previous training.