In the Market for Doodads, the Supply Curve Is the Typical

question 132

Multiple Choice

In the market for doodads, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. The equilibrium quantity in the market for doodads is 150 per month when there is no tax. Then a tax of $3 per doodad is imposed. As a result, the government is able to raise $300 per month in tax revenue. We can conclude that the equilibrium quantity of widgets has fallen by

• A)50 per month.
• B)100 per month.
• C)150 per month.
• D)53 per month.

---

Definitions:

Identity-based

Pertains to something that is closely related or developed from a person's identity or the collective identity of a group.

Demographic Attributes

Characteristics of populations, such as age, race, gender, income, and education, often used in research and marketing.

Value-based Attributes

Characteristics or qualities that are considered desirable or important, guided by the values and principles of an individual or organization.

Diverse Membership

The inclusion of individuals from a wide range of backgrounds, cultures, and perspectives in a group or organization.