Refer to the Graph Shown

question 31

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)give government tax revenues of $100.
• B)give government tax revenues of $400.
• C)reduce producer surplus by $100.
• D)reduce producer surplus by $400.

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Definitions:

White-Collar Crime

Non-violent crimes committed by individuals, professionals, or businesses, typically involving financial deception or fraud.

RICO

The Racketeer Influenced and Corrupt Organizations Act is a federal law designed to combat organized crime in the United States.

Sarbanes-Oxley Act

The Sarbanes-Oxley Act is a United States federal law enacted in 2002 to protect investors from fraudulent financial reporting by corporations.

Computer Crime

Refers to criminal activity where a computer or network is the source, tool, target, or place of a crime.