When a Good Is Made Illegal, Which of the Following

question 108

Multiple Choice

When a good is made illegal, which of the following definitely results in the price rising?

• A) A much higher fine on buyers than on sellers
• B) A much higher fine on sellers than on buyers
• C) Any fine imposed on buyers
• D) Any fine imposed on both buyers and sellers

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Definitions:

Autokinetic Effect

A phenomenon in which a stationary, small point of light in a dark room appears to move because of involuntary eye movements.

Normative Influence

The impact of societal norms and standards on an individual's behavior, often driving conformative actions.

Social Roles

Expected behaviors, duties, and rights associated with each social position, shaping how individuals in those roles are supposed to act.

Mass Psychogenic Illness

A phenomenon where individuals in a group start to exhibit similar physical symptoms or behaviors without an identifiable physical cause, often attributed to psychological or social factors.