A $030 Per Unit Tax Is Imposed on a Good That

question 15

Multiple Choice

A $0.30 per unit tax is imposed on a good that reduces the quantity supplied and demanded by 1000 units.What is the deadweight loss (ignore price elasticities) ?

• A)$300.00
• B)$100.00
• C)$150.00
• D)Cannot be determined.

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Definitions:

Biological Influences

Factors stemming from physiological and genetic conditions that impact individual behaviors, traits, and health.

Environmental Influences

External factors surrounding an individual that affect their behavior, growth, and development.

Frontal Lobes

The portion of the cerebral cortex involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Phineas Gage

A historically significant patient whose personality changes after a brain injury helped scientists understand the brain's role in personality and behavior.