Suppose a Tax of $3 Is Imposed on Each New

question 152

Multiple Choice

Suppose a tax of $3 is imposed on each new garden hose that is sold,resulting in a deadweight loss of $22,500.The supply curve is a typical upward-sloping straight line,and the demand curve is a typical downward-sloping straight line.Before the tax was imposed,the equilibrium quantity of garden hoses was 100,000.We can conclude that the equilibrium quantity of garden hoses after the tax is imposed is

• A)75,000.
• B)85,000.
• C)90,000.
• D)95,000.

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Definitions:

Yolk

The nutrient-rich central part of an egg that serves as food for the developing embryo in egg-laying animals.

Cephalocaudal Pattern

A principle of physical growth that states development progresses from the head (cephalo) towards the tail (caudal), meaning children typically gain control over the head, chest, and arm muscles before those of the legs.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, extending from the brainstem to the lower back, which transmits neural signals between the brain and the rest of the body.

Sensory Systems

The part of the nervous system responsible for processing sensory information, allowing us to experience the world through sight, sound, touch, taste, and smell.