Refer to the Graph

question 175

Multiple Choice

Refer to the graph. Assume the market for this product is in equilibrium at the intersection of D ₂ and S ₁. The shift in supply from S ₁ to S ₂ is due to an excise tax imposed on the product. The incidence of the tax is

• A)$1 from the buyers and $3 from the sellers.
• B)$3 from the buyers and $3 from the sellers.
• C)$1 from the buyers and $1 from the sellers.
• D)$4 from the buyers and $0 from the sellers.

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Definitions:

UPS

Uninterruptible Power Supply, a device that provides emergency power to a load when the input power source, typically mains power, fails.

Surge Protector

A device designed to protect electrical devices from voltage spikes by blocking or shorting to ground any unsafe voltage levels.

ESD Generator

A device used to intentionally produce electrostatic discharge in order to test the ESD resilience of various electronics.

Folder Options

Settings within a file manager that allow users to customize the behavior and appearance of files and directories.