Figure 8-3 the Vertical Distance Between Points a and B Represents a Represents

question 17

Multiple Choice

Figure 8-3
The vertical distance between points A and B represents a tax in the market.
-Refer to Figure 8-3. Which of the following statements is correct?

• A)Total surplus before the tax is imposed is $500.
• B)After the tax is imposed, consumer surplus is 45 percent of its pre-tax value.
• C)After the tax is imposed, producer surplus is 45 percent of its pre-tax value.
• D)Total surplus after the tax is imposed is $500.

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Definitions:

Externally Administered Rewards

Incentives or rewards given to employees or individuals by an external entity, such as clients or professional bodies, as recognition for their achievements or performance.

Punishment

A consequence applied with the intent of reducing an undesirable behavior.

Contingent Reinforcement

A form of behavior modification that involves delivering rewards or consequences based on the occurrence of specific behaviors.

Behaviour

The actions, reactions, or conduct of an individual, often studied in psychology to understand and predict human interactions.