The Demand for a Good and the Supply of a Good

question 74

Multiple Choice

The demand for a good and the supply of a good are each neither perfectly elastic nor perfectly inelastic.If a sales tax on sellers of the good is imposed,the tax is paid by

• A)the buyers only.
• B)both the buyers and the sellers.
• C)the sellers only.
• D)the buyers only if demand for the good increases.
• E)the suppliers only if the supply of the good increases.

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Definitions:

Trojan Horse

A malicious program disguised as legitimate software that is used to hack into the victim's computer.

Logic Bomb

A piece of code intentionally inserted into a software system that will set off a malicious function when specified conditions are met.

Social Engineering

The psychological manipulation of people into performing actions or divulging confidential information, often used in cybersecurity contexts to breach security measures.

Unintentional Threat

Risks or dangers that arise accidentally or without malicious intent, often due to human error or system failure.