Figure 18-2 Figure 18-2 Shows a Demand Curve and Two Sets of Curve

question 147

Multiple Choice

Figure 18-2

Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other.
-Refer to Figure 18-2.If the government imposes an excise tax of $1.00 on every unit sold, the consumer's burden of the tax

• A)is Pₐ - Pc under either supply curve.
• B)is Pb - Pc under either supply curve.
• C)is Pₐ - Pc if the supply curve is S₀ and Pb - Pc if the supply curve is S₁.
• D)is Pₐ - Pd if the supply curve is S₀ and Pb - Pₑ if the supply curve is S₁.

---

Definitions:

Cultural Biases

Prejudices or predispositions toward certain cultures, often resulting from one's own cultural background and experiences.

Own Biases

Personal prejudices or preferences that can influence one's judgment or decision-making process.

Golden Rule

A principle of treating others as one would wish to be treated oneself.

Cultural Competency

The ability to understand, appreciate, and interact effectively with people from cultures or belief systems different from one’s own.