Since a Tax Imposed on Buyers of a Product Only

question 100

True/False

Since a tax imposed on buyers of a product only affects demand, such a tax has no impact on sellers in that market.
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Definitions:

Stimulus

An external event or change in the environment that can elicit or influence a physiological or psychological response.

Negative Punishment

The removal of a desirable stimulus following unwanted behavior in order to decrease the likelihood of that behavior happening again.

Fender Bender

A minor car accident primarily resulting in cosmetic damage to the vehicle, without significant injuries to the involved parties.

Positive Punishment

The addition of an undesirable stimulus to decrease a behavior, such as adding chores for breaking rules.