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Given Any Upward-Sloping Supply Curve for a Good,the More Elastic

question 281

Multiple Choice

Given any upward-sloping supply curve for a good,the more elastic the demand curve,the _____ equilibrium output will fall and the _____ will be the deadweight loss when the government imposes an excise tax.


Definitions:

Negative Reinforcers

A process in behavior modification where the removal or avoidance of an unpleasant stimulus increases the likelihood of a behavior being repeated.

Behavioral Technology

The application of behavioral science principles to the development and implementation of technological solutions to modify human behavior.

Behavior Control

The ability to manage or influence one's actions or reactions in various situations to achieve desired outcomes.

B.F.Skinner

An American psychologist known for his work in behaviorism, particularly the development of the theory of operant conditioning, which relates behaviors to their consequences.

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