For Widgets,the Supply Curve Is the Typical Upward-Sloping Straight Line,and

question 164

Multiple Choice

For widgets,the supply curve is the typical upward-sloping straight line,and the demand curve is the typical downward-sloping straight line.A tax of $15 per unit is imposed on widgets.The tax reduces the equilibrium quantity in the market by 300 units.The deadweight loss from the tax is

• A)$1,750.
• B)$2,250.
• C)$3,000.
• D)$4,500.

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Definitions:

Sensory Neurons

Nerve cells responsible for converting external stimuli from the organism's environment into internal electrical impulses.

Motor Neurons

Nerve cells that transmit signals from the brain and spinal cord to muscles, initiating movement.

Interneurons

Neurons located within the central nervous system that process information received from sensory neurons and direct the function of motor neurons, playing crucial roles in reflexes and neuronal circuits.

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord, connecting the central nervous system to limbs and organs.