-Which of the Following Is NOT True About the $3

question 311

Multiple Choice

-Which of the following is NOT true about the $3 per pizza tax illustrated in the above figure?

• A) It decreases consumer surplus by $90 thousand.
• B) It decreases producer surplus by $45 thousand.
• C) It creates a deadweight loss of $135 thousand.
• D) None of the above because they are all true.

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Definitions:

Melatonin

A hormone, secreted by the pineal gland, that is involved in the regulation of daily biological rhythms.

Oxytocin

A hormone and neurotransmitter involved in childbirth and lactation, also known as the "love hormone," it plays a role in social bonding, sexual reproduction, and during and after childbirth.

Prefrontal Cortex

The part of the frontal lobes of the brain that is involved in decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.

Right Hemisphere

The half of the brain that is typically associated with spatial abilities, face recognition, visual imagery, and music perception.