Answer:
1. Price ceiling, Binding
2. Price ceiling, Binding
3. Price floor, binding
Explanation:
Price ceiling is a government or group control limit on how high a product, commodity or service can be charged.
Price floor is a government or group limit on how low a product, commodity or service can be charged.
Binding simply means you are legally bound to something while non-binding means you are not legally bound to it.
Answer:
The demand for money falls and the interest rate falls.
Explanation:
Price level can be described as the evaluation of the amount in which goods and services are sold in the market. A change in the price level can greatly affect the demand of a customer either positively or negatively.
A decrease in the price level enables a customer to purchase more products and at the same time save some amount of money, this results in the reduction of interest rates.
When the price level reduces, individuals will need less amount of money to buy the same quantity and type of product.
Answer:
George is on a<u> fixed interval</u>
Mai Ling is on a <u>fixed ratio</u>
Explanation:
A schedule is the delivery rate or frequency of a booster.
A fixed interval refers to the amount of time the reinforcement delivery rate has occurred over a predictable period of time, such as George, who is paid weekly for his work.
A fixed ratio occurs when rewards are delivered on a consistent schedule basis. As in the case of Mai Ling who gets paid after certain completed tasks, which corresponds to the number of tasks she performs to receive certain reinforcement.
The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a motive.
<h3>What is a Motivation?</h3>
This refers to the internal or external drive that makes a person to do something, in hopes of a reward or to escape punishment.
Hence, we can see that based on the drive that is inherent in humans to accomplish a task, this leads them to satisfy their unmet needs and this is known as a motive.
Read more about intrinsic motivation here:
brainly.com/question/15542056
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