Refer to the Graph Shown

question 35

Multiple Choice

Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $6 and a quantity of 40 units. If the government imposes a $2 per-unit tax on this product, it will collect tax revenue in the amount of:

• A)$60.
• B)$80.
• C)$100.
• D)$120.

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Definitions:

Helping Behavior

Involves actions intended to aid or benefit another person or group of people without the helper's anticipation of reward.

Testosterone Levels

The concentration of testosterone, a hormone that influences many aspects of physical and psychological health, in the bloodstream.

Aggression

Behavior intended to harm or intimidate others, which can be physical or verbal, and emerge from various motivations or conditions.

Diffusion Of Responsibility

A phenomenon where individuals are less likely to take action or feel a sense of responsibility in the presence of a large group of people.