Refer to Scenario 19

question 176

Multiple Choice

Refer to Scenario 19.3 below to answer the question(s) that follow.
SCENARIO 19.3: Suppose demand for widgets is given by the equation P = 20 - 0.5Q. Originally, the price of the good is $10 per unit. When a tax of $2 per unit is imposed, the price of the good rises to $12 per unit.
-Refer to Scenario 19.3. What is the excess burden of the tax?

• A) $4
• B) $36
• C) $64
• D) $100

Develop skills in crafting persuasive messages from negative situations.

Know how to organize and structure messages conveying bad news to different stakeholders.

Gain insights into the proper use of technology and social media in communicating negative messages.

Understand legal and psychological implications of layoffs and how to communicate such decisions.