Suppose the Demand Curve for a Good Is Downward Sloping

question 74

Multiple Choice

Suppose the demand curve for a good is downward sloping and the supply curve is upward sloping.At the market equilibrium,if demand is more elastic than supply in absolute value,a $1 specific tax will

• A) raise the price to consumers by 50 cents.
• B) raise the price to consumers by less than 50 cents.
• C) raise the price to consumers by more than 50 cents.
• D) raise the price to consumers by $1.

---

Definitions:

Unschooled Peers

Individuals, typically children or adolescents, who acquire their education and socialization outside of formal school settings.

Instructional Discourse

The structured communication or dialogue that takes place within educational settings, focused on imparting knowledge or skills.

Shirley Heath

A researcher in the field of linguistic anthropology, notable for her work on the ways in which language use varies according to social context and contributes to identity formation.

Home Discourse

The way in which families communicate and interact within the home, influencing children's linguistic and social development.