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

question 129

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 250 units. The deadweight loss from the tax is

• A)$3,750.
• B)$1,875.
• C)$132.5.
• D)$117.5.

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Definitions:

Over the Age

A phrase typically used to indicate that someone or something is older than a specified age or time period.

Mechanical Restraint

A method used to limit the free movement of patients for their own safety or the safety of others, using devices like straps or belts.

Upper Siderails

Safety devices installed along the sides of a bed to prevent falls, typically adjustable and located at the upper half of the bed.

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A failure or faulty operation of medical or any other type of equipment, impacting its intended use.