-Refer to the Above Graph to Answer This Question

question 52

Multiple Choice

-Refer to the above graph to answer this question.If this product were taxed by an amount equal to the external costs,what would be the equilibrium values of price and quantity?

• A)$80 and 40.
• B)$100 and 30.
• C)$100 and 80.
• D)$120 and 70.
• E)$120 and 80.

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Definitions:

Collectivistic Culture

Cultures that prioritize the goals, needs, and views of the group over those of the individual.

Emotional Reactions

Responses governed by feelings or affective states rather than logic or thoughtful analysis.

Inhibit

To restrain or hold back an action, process, or expression, often by regulation or external constraint.

Independent Person

An individual characterized by self-reliance and autonomy in thoughts and actions, often prioritizing personal goals over group objectives.