For Good X,the Supply Curve Is the Typical Upward-Sloping Straight

question 222

Multiple Choice

For good X,the supply curve is the typical upward-sloping straight line,and the demand curve is the typical downward-sloping straight line.A tax of $15 per unit is imposed on good X.The tax reduces the equilibrium quantity in the market by 300 units.The deadweight loss from the tax is

• A) $1,750.
• B) $2,250.
• C) $3,000.
• D) $4,500.

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Definitions:

ERP

Enterprise Resource Planning, an integrated management of main business processes, often in real-time and mediated by software and technology.

CRM

Customer Relationship Management (CRM) is a technology for managing all your company's relationships and interactions with current and potential customers, aiming to improve business relationships.

SCM

Supply Chain Management involves the systematic control over the transfer of resources, information, and finances as they make their way from their origin with suppliers to manufacturers, onto wholesalers and retailers, and finally to the end user or consumer.

TPS

The Transaction Processing System, a specific form of information system, is tasked with collecting, saving, adjusting, and fetching transactional information pertaining to an organization.