-The Table Gives the Demand and Supply Schedules for Fireworks

question 255

Multiple Choice

-The table gives the demand and supply schedules for fireworks on the Island of Big Bang. In the past, because many deaths have resulted from accidents involving fireworks, the government has banned fireworks and is enforcing the ban. A $6 a firework penalty on buyers of fireworks and no penalty on sellers will reduce the number of fireworks bought to ________ a week and decrease the price kept by suppliers to ________ a firework.

• A) 80; $5
• B) 40; $8
• C) 0; an unknown amount
• D) 140; $3

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Definitions:

Self-Reinforcement

The process by which individuals reward themselves for achieving personal or professional goals, reinforcing positive behavior and outcomes.

Stressors

Denotes factors or conditions that cause stress, leading to a range of psychological and physiological responses in individuals.

Favorable Perceptions

Positive interpretations or views held by individuals about something or someone, often influenced by personal beliefs or experiences.

Pay Checks

Regular payments made by employers to employees as compensation for their work.