What Would Be the Value of the Variable List After

question 27

Multiple Choice

What would be the value of the variable list after the execution of the following code?
List = [1, 2]
List = list * 3

• A) [1, 2] * 3
• B) [3, 6]
• C) [1, 2, 1, 2, 1, 2]
• D) [[1, 2], [1, 2], [1, 2]]

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Definitions:

Producer Surplus

The gap highlighting the difference between the initial asking price by sellers for goods or services and the ultimately received price.

Specific Tax

A tax that is levied as a fixed amount per unit on a particular good or service.

Inelastic Demand

A situation where demand for a product or service is relatively unmoved or less sensitive to changes in price.

Elastic Supply

A situation where the quantity of a good supplied by producers changes significantly in response to a small change in price.