The Demand for a Good and the Supply of a Good

question 74

Multiple Choice

The demand for a good and the supply of a good are each neither perfectly elastic nor perfectly inelastic.If a sales tax on sellers of the good is imposed,the tax is paid by

• A)the buyers only.
• B)both the buyers and the sellers.
• C)the sellers only.
• D)the buyers only if demand for the good increases.
• E)the suppliers only if the supply of the good increases.

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Definitions:

Freud's Psychoanalysis

A therapeutic approach developed by Sigmund Freud that emphasizes exploring unconscious conflicts and desires as a way of understanding and treating psychological disorders.

Cognitive

Relating to mental processes such as perception, memory, thought, and problem-solving.

Athletic Instruction

The process of teaching or training individuals in the skills and strategies related to sports and physical activities.

Cognitive-behavioral Therapy

A psychotherapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.