Of the Two Classes of Participants in a Market, Buyers

question 86

True/False

Of the two classes of participants in a market, buyers and sellers, the one who pays most of an excise tax is the one with the greater elasticity.

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Definitions:

Shaping

A method used in behavioral training where successive approximations of a desired behavior are reinforced.

Successive Approximations

A method in behavior therapy and training in which complex behaviors are broken down into simpler steps, and these steps are learned gradually to achieve the target behavior.

Negative Reinforcement

A form of reinforcement in which the removal or avoidance of an unpleasant stimulus increases the probability of a behavior being repeated.

Tertiary Reinforcement

A type of reinforcement that uses a stimulus associated with primary or secondary reinforcers to modify behavior.