The Demand and Supply of Movie Tickets Are Given by Q^D

question 47

Multiple Choice

The demand and supply of movie tickets are given by Q^D = 30 - 3P and Q^S = 4P - 19, where P is the price per ticket and Q is in thousands of tickets. If the government places a $1 tax on each ticket, the prices that consumers pay with and without the tax are _____ and _____, respectively.

• A) $8; $7
• B) $7.57; $7
• C) $7.50; $6.80
• D) $4.30; $3.80

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Definitions:

Pretranscriptional

Pretranscriptional refers to the processes and modifications that occur to genetic material prior to the synthesis of RNA from DNA, affecting how genes are expressed.

Translational Control

Regulation of gene expression at the stage of translation, affecting the rate at which proteins are made from messenger RNA.

Gene Mutations

Gene mutations are changes that occur in the nucleotide sequence of DNA, potentially leading to genetic diversity or causing various genetic disorders.

Base Sequence

The order of nucleotide bases in a DNA or RNA molecule, which determines the genetic information carried by that molecule.