Suppose the Demand for CDs Is Elastic,but Not Perfectly Elastic,and

question 2

Multiple Choice

Suppose the demand for CDs is elastic,but not perfectly elastic,and the supply is inelastic,but not perfectly inelastic.A tax on CDs is paid

• A)equally by buyers and sellers.
• B)mostly by sellers.
• C)mostly by buyers.
• D)by neither buyers nor sellers.
• E)totally by sellers.

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Definitions:

Drive-Reduction Theory

A theory that explains motivation as being rooted in the desire to reduce uncomfortable internal states.

Internal Tension

A psychological state characterized by a conflict of emotions or impulses within an individual, often leading to stress or mental discomfort.

Motivation

The psychological force that drives individuals toward achieving goals and fulfilling needs.

Yerkes-Dodson Law

A theory suggesting there is an optimal level of arousal for achieving peak performance; too little or too much arousal can impair performance.