Refer to the Graph Shown

question 7

Multiple Choice

Refer to the graph shown. With an effective price floor at $8, the effect is an implicit tax on:

• A)suppliers equal to $50.
• B)suppliers equal to $30.
• C)consumers equal to $50.
• D)consumers equal to $30.

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Definitions:

Denial

Not acknowledging unconscious content.

Unconscious Content

Elements within the mind that a person is not directly aware of but that influence emotions and behavior.

Acknowledging

The act of recognizing or admitting the existence or truth of something.

Toilet Trained

The process by which a young child learns to use the toilet for urination and defecation.