Figure 6-19 -Refer to Figure 6-19.Suppose a Tax of $2 Per Unit

question 170

Multiple Choice

Figure 6-19
-Refer to Figure 6-19.Suppose a tax of $2 per unit is imposed on this market.What will be the new equilibrium quantity in this market?

• A)less than 50 units
• B)50 units
• C)between 50 units and 100 units
• D)greater than 100 units

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Definitions:

TPS

Transaction Processing System (TPS) is a type of information system that collects, stores, modifies, and retrieves the data transactions of an enterprise.

TPS

An organizational Transaction Processing System operates as an information system that engages in the collection, storage, alteration, and retrieval of transaction activities.

Inventory Management

The practice of ordering, storing, using, and selling a company's inventory, which includes both raw materials and finished goods.

Quickbooks

An accounting software package developed by Intuit, designed for small and medium-sized businesses, offering on-premises accounting applications as well as cloud-based versions.