Kyle Places a $10 Value on a Glass of Red

question 89

Multiple Choice

Kyle places a $10 value on a glass of red wine,and Keith places an $8 value on it.If there is no tax on glasses of red wine,the price of a glass of red wine reflects the cost of making it.The equilibrium price for a glass of red wine is $6.Suppose the government levies a tax of $3 on each glass of red wine,and the equilibrium price of a glass of red wine increases to $9.What is total consumer surplus after the tax is levied?

• A)$1
• B)$3
• C)$4
• D)$6

Evaluate the impacts of gender, sexuality, and economic factors on relationships.

Compare and contrast different marital structures and their outcomes.

Analyze the role of social theories in understanding marriage and relationship dynamics.

Investigate how divorce affects individuals socially and economically.

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Definitions:

Social Identity

That part of the self-concept that derives from our membership in social groups.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other groups.

Sherif

A psychologist known for his work on group norms and social influence.

Competition

The activity or condition of striving to gain or win something by defeating or establishing superiority over others.