If the Price of a Good Is Not Affected by a Tax

question 120

Multiple Choice

If the price of a good is not affected by a tax, then

• A)supply is perfectly elastic.
• B)demand is perfectly elastic.
• C)the elasticity of supply is greater than elasticity of demand.
• D)demand is unit elastic.
• E)supply is unit elastic.

Understand the role of contiguity in establishing stimulus-response (S-R) associations.

Analyze different theories of learning and their principles regarding habit formation and change.

Investigate the influence of cognitive processes on motivation and learning.

Examine methods and techniques for modifying behaviors and habits.

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Definitions:

Misuse or Abuse

Improper, incorrect, or excessive use of something that can lead to harm or damage.

Defense

Legal strategies and arguments used in a court of law to contest and defeat claims or charges against a defendant.

402A

A section of the Restatement (Second) of Torts in American law that outlines the manufacturer's liability for harm caused by defective products.

Warranty of Title

A guarantee by a seller to a buyer that the seller has the right to transfer ownership and that no one else claims an interest in the property.