In General, the _______ Elastic the Demand for a Product

question 12

Multiple Choice

In general, the _______ elastic the demand for a product being taxed, the _______ the incidence of the tax will fall on the consumers.

• A) more, more
• B) more, less
• C) less, less

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Definitions:

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, in operant conditioning.

Fixed-Interval

A schedule in operant conditioning where rewards or responses are provided after a consistent and predictable amount of time has passed.

Variable-Ratio

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses. This schedule creates a steady, high rate of responding.

Fixed-Interval

A reinforcement schedule in which the first response after a certain time period has passed is rewarded.