Reference: Ref 6-4 (Figure: Tax on Supply and Demand) According

question 45

Multiple Choice

Reference: Ref 6-4 (Figure: Tax on Supply and Demand) According to the figure, if the tax is placed on buyers, the equilibrium is at Point:

• A) B, and the equilibrium price and quantity are P3 and Q2.
• B) C, and the equilibrium price and quantity are P3 and Q2.
• C) C, and the equilibrium price and quantity are P1 and Q2.
• D) D, and the equilibrium price and quantity are P2 and Q1.

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Definitions:

Chlorpromazine

An antipsychotic medication used to treat a variety of mental health disorders by blocking dopamine receptors in the brain.

Antipsychotic Drugs

Medications primarily used to manage psychosis, including hallucinations, delusions, and disorders like schizophrenia.

Opioid Analgesic

A class of drugs that are used to reduce pain, which work by binding to opioid receptors in the brain.

Mescaline

A psychedelic alkaloid of the phenethylamine class, known for its hallucinogenic effects on humans, primarily found in the peyote cactus.