-In the Above Figure, CBL Is the Cost of Breaking

question 114

Multiple Choice

-In the above figure, CBL is the cost of breaking the law. If the good in the figure is made illegal and penalties are imposed on both buyers and sellers, then its price per unit

• A) will be higher than if it was not illegal.
• B) will be lower than if it was not illegal.
• C) will be the same as when it was not illegal.
• D) cannot be compared with its price when it was legal.

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character, shaping their patterns of thought, feelings, and behaviors.

Factor

An element contributing to a particular result or situation.

Surface Traits

Observable qualities or characteristics of an individual's personality that can easily be inferred from behavior, as opposed to deeper, less observable traits.

Personality Characteristics

Traits that describe an individual's consistent patterns of thought, feeling, and behavior.