Use the Table Below to Answer the Following Questions

question 1

Multiple Choice

Use the table below to answer the following questions.
Table 6.5.1
The Market for a Prohibited Good
-Refer to Table 6.5.1.If a $2-per-unit cost of breaking the law is imposed on buyers,the new price is ________ and the new equilibrium quantity is ________ units.

• A)$8;400
• B)$8;300
• C)$7;300
• D)$9;300
• E)$8;200

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Definitions:

Specific Receptor

A specialized cell or molecule that recognizes and binds to a particular ligand, such as a neurotransmitter or hormone, to initiate a cellular response.

Endocrine Glands

Endocrine glands are ductless glands in the body that secrete hormones directly into the blood circulation, affecting the function of distant target organs.

Frequency-Modulated

Pertains to a method of encoding information using the frequency variation of a carrier wave.

Conjugation

A form of genetic transfer between bacteria involving direct, physical contact and the transfer of DNA.