Figure 18-2 Figure 18-2 Shows a Demand Curve and Two Sets of Curve

question 195

Multiple Choice

Figure 18-2

Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other.
-Refer to Figure 18-2.If the government imposes an excise tax of $1.00 on every unit sold, the government's revenue from the tax

• A)is larger if the supply curve is S₀.
• B)is larger if the supply curve is S₁.
• C)is identical under either supply curve.
• D)is not maximized.

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Definitions:

Intermittent Reinforcement

The giving of rewards for behaviour only periodically.

Punishment

A consequence applied in response to undesired behavior, intended to reduce or eliminate that behavior.

Behaviour

encompasses the actions and reactions of an individual or group in response to external or internal stimuli.

Law of Effect

A principle in psychology proposed by Edward Thorndike that suggests behaviors followed by satisfying outcomes are likely to be repeated, while those followed by unpleasant outcomes are less likely to recur.