Suppose That a Specific Tax of $3 Is Imposed on Producers

question 47

Multiple Choice

Suppose that a specific tax of $3 is imposed on producers of bread.The bread market supply is Qs = 10 + 0.5P and the bread market demand is Qd = 100-P.What is the change in the equilibrium quantity of bread induced by the tax incidence?

• A) Equilibrium quantity decreased by three units.
• B) Equilibrium quantity increased by two units.
• C) Equilibrium quantity decreased by one unit.
• D) Equilibrium quantity increased by one unit.

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Definitions:

Biological Sex

The physical and physiological differences between male and female organisms, often used in the context of human gender.

Cisgender

Describing an individual whose gender identity matches the sex they were assigned at birth.

Transgender

A broad category for individuals whose gender identity does not align with the sex assigned to them at birth.

Personal Attributes Questionnaire (PAQ)

A self-report inventory designed to measure gender role stereotypes and the extent to which an individual identifies with masculine or feminine characteristics.