If Elasticity of Demand Is 1

question 88

Multiple Choice

If elasticity of demand is 1.8, elasticity of supply is 0.7, and a 20 percent excise tax is levied on the good:

• A) the tax burden on suppliers will be greater.
• B) the tax burden on consumers will be greater.
• C) the tax burden will be the same for both.
• D) one cannot say who will bear the greater burden without knowing the tax.

Understand and describe implicit attitudes and the ways they are measured.

Comprehend the conditions that foster inter-group conflict and harmony, including the findings from Muzafer Sherif’s research.

Explain the jigsaw classroom technique and its significance in reducing hostility and fostering cooperative learning.

Understand the role of stereotypes in forming prejudicial attitudes and their manifestation in discriminative behavior.

---

Definitions:

Pressure to Conform

The social force that encourages individuals to adjust their behaviors, beliefs, or actions to align with group norms.

Decision-Making Process

A systematic approach used in determining the best choice from among various alternatives.

Course of Action

A chosen path or strategy intended to accomplish a specific goal.

Decision Making

The process of selecting a course of action from multiple alternatives to achieve a desired outcome.