When Supply and Demand Are Equally Elastic

question 128

Multiple Choice

When supply and demand are equally elastic,

• A) producers carry the majority of the tax burden.
• B) consumers carry the majority of the tax burden.
• C) producers and consumers carry an equal amount of the tax burden.
• D) consumers carry all of the tax burden.

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Definitions:

Diving

The sport of jumping or falling into water from a platform or springboard, usually while performing acrobatics.

Discriminative Stimulus

A stimulus in the presence of which a particular response will lead to a reinforcement (or punishment) in operant conditioning, essentially signaling the availability of reinforcement.

Avoidance Learning

A learning process in which an individual learns a behavior or response to avoid an unpleasant or harmful stimulus.

Aversive Event

An unpleasant or undesirable event that causes a negative reaction in an individual, often used in psychology to study behaviors and conditioning.