Refer to the Graph Shown

question 178

Multiple Choice

Refer to the graph shown. Initially, the market is in equilibrium with price equal to $3 and quantity equal to 100. Government imposes a tax on suppliers of $1 per unit. The effect of the tax is to:

• A)raise the price consumers pay from $3 to $4.
• B)lower the price consumers pay from $3 to $2.
• C)raise the price sellers keep after paying the tax.
• D)lower the price sellers keep after paying the tax.

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Definitions:

Learning Disability

A neurodevelopmental disorder characterized by difficulties in reading, writing, arithmetic, or other learning activities, not accounted for by intellectual disabilities.

Normal Intelligence

A psychological classification for cognitive ability that falls within the average range of standardized intelligence tests.

Gardner's Multiple Intelligences

A theory that proposes intelligence can be divided into multiple specific ('intelligence') areas, including linguistic, logical-mathematical, spatial, and others.

Spatial

Relating to, occupying, or having the character of space, particularly in how objects are located and organized within it.