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Refer to the Accompanying Graph

question 104

Multiple Choice

Refer to the accompanying graph. If a tax is placed on a good and all else is held constant, we would assume that the supply curve would Refer to the accompanying graph. If a tax is placed on a good and all else is held constant, we would assume that the supply curve would   A)  shift from S<sub>1</sub> to S<sub>3</sub>. B)  remain at S<sub>1</sub>. C)  shift from S<sub>1</sub> to S<sub>2</sub>. D)  shift from S<sub>2</sub> to S<sub>1</sub>. E)  shift from S<sub>2</sub> to S<sub>3</sub>.

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Definitions:

Adipic Acid

An industrially significant dicarboxylic acid, used primarily in the production of nylon and other polymers.

Reagent

A substance or compound added to a system to cause a chemical reaction or test if a reaction occurs.

Transesterified

The process of exchanging the organic group R″ of an ester with the organic group R' of an alcohol.

Biodiesel

A renewable, biodegradable fuel made from vegetable oils or animal fats through a process called transesterification.

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