Use the Following Information to Answer the Following Questions

question 31

Multiple Choice

Use the following information to answer the following questions.
The following graph depicts a market where a tax has been imposed.P_e was the equilibrium price before the tax was imposed,and Q_e was the equilibrium quantity.After the tax,P_C is the price that consumers pay,and P_S is the price that producers receive.Q_T units are sold after the tax is imposed.NOTE: The areas B and C are rectangles that are divided by the supply curve S_T.Include both sections of those rectangles when choosing your answers.

-Which party is responsible for paying this tax out of pocket?

• A) consumers
• B) producers
• C) both consumers and producers
• D) some consumers and some producers,but not all consumers and producers
• E) some consumers and no producers

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Definitions:

Punishment

A consequence that decreases the likelihood of a behavior being repeated by applying an undesirable stimulus or removing a desirable one.

Matching Law

A principle that states the proportion of responses allocated to a particular option matches the proportion of reinforcements obtained from that option.

Schedules of Reinforcement

The rules or plans for determining when and how often reinforcements, like rewards or punishments, are given in behavior conditioning processes.

Access

The right or opportunity to use or benefit from something, such as services, data, or resources.