If the Government Imposes an Excise Tax on a Good

question 246

Multiple Choice

If the government imposes an excise tax on a good, it will collect the most tax revenues from it if the demand for the good is

• A) elastic.
• B) inelastic.
• C) unit elastic.
• D) perfectly elastic.

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Definitions:

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior.

Learning

The acquisition of knowledge or skills through experience, study, or being taught.

Intermittent Pairing

A concept in conditioning where the pairing of stimuli or behaviors is not continuous but occurs at irregular intervals.