As a Result of a Per-Unit Tax on Output in a Market

question 24

Multiple Choice

As a result of a per-unit tax on output in a market:

• A)​the quantity traded increases.
• B)​the quantity traded does not change.
• C)​the quantity traded decreases.
• D)​a surplus is created at the new equilibrium price.

---

Definitions:

Accommodation

In cognitive development, the process of modifying existing cognitive schemas, perceptions, and understandings to incorporate new information.

Sensorimotor

Relating to or involving both sensory and motor functions, or the stage in Piaget's theory of cognitive development (from birth to about 2 years) where infants learn through sensory and motor interaction with the world.

Primary Circular Reactions

Early infantile behaviors that repeat because the infant finds them pleasurable, occurring in the sensorimotor stage of development.

Secondary Circular Reactions

Repetitive behaviors centered around the infant's own body, typically developed between 4-8 months of age, which indicate a growth in sensory and motor skills.