Zoe,Chloe,and Brody Each Like to Read Novels

question 260

Multiple Choice

Zoe,Chloe,and Brody each like to read novels.The current bestseller costs $11.Zoe values it at $16,Chloe at $14,and Brody at $12.Suppose that if the government taxes books at $2 each,the selling price will rise to $13.A consequence of the tax is that

• A) consumer surplus shrinks by $4 and tax revenues increase by $6, so there is a deadweight loss of $2.
• B) consumer surplus shrinks by $6 and tax revenues increase by $6, so there is no deadweight loss.
• C) consumer surplus shrinks by $5 and tax revenues increase by $6, so there is no deadweight loss.
• D) consumer surplus shrinks by $5 and tax revenues increase by $4, so there is a deadweight loss of $1.

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Definitions:

Antisocial Personality Disorder

A mental health disorder characterized by a long-term pattern of manipulation, exploitation, or violation of others' rights.

Therapeutic Relationship

The professional relationship between a therapist and a client, which is crucial for effective therapy and involves trust, rapport, and mutual respect.

Mood-Stabilizing Drugs

Medications used primarily to treat mood disorders and to prevent mood swings in conditions such as bipolar disorder.

Low Self-Esteem

A condition characterized by a lack of confidence and feeling badly about oneself, often reflecting a judgment of oneself as inferior or not valuable.