Since Demanders of a Good Are Concerned with the Total

question 9

Multiple Choice

Since demanders of a good are concerned with the total price they have to pay for a good,a unit tax on the good will _____.

• A)shift the supply curve downward by the entire amount of the tax
• B)shift the supply curve upward by the entire amount of the tax
• C)shift the demand curve downward by the entire amount of the tax
• D)shift the demand curve upward by the entire amount of the tax

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Definitions:

Reinforcement Theory

A behavioral theory which suggests that behavior is influenced by its consequences, either through rewards or punishments.

Environmental Consequences

The effects or outcomes of actions on the natural environment, including pollution, biodiversity loss, and climate change.

Human Behaviour

The collection of actions exhibited by humans and influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.

Bandura

A psychologist known for his work on social learning theory, emphasizing the role of observational learning, self-efficacy, and reciprocal determinism in behavior.