Kyle Places a $10 Value on a Glass of Red

question 158

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.How much tax revenue is collected?

• A)$0
• B)$3
• C)$6
• D)$9

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Definitions:

Skeletal Differences

Variations in the structure or composition of the skeletal system among different organisms or individuals, often used in the study of evolutionary biology and anthropology.

Hominoids

A group that includes all modern and extinct Great Apes and humans, characterized by larger brains, no tail, and an upright posture.

Hominins

refers to members of the human lineage after the split from the common ancestor with chimpanzees, including modern humans and extinct human species.

Ardipithecus

A genus of early hominids whose fossils provide insight into human evolution. It includes species such as Ardipithecus ramidus, which lived approximately 4.4 million years ago.