Use the Table Below to Answer the Following Questions

question 88

Multiple Choice

Use the table below to answer the following questions.
Table 6.3.1
-Refer to Table 6.3.1.Suppose a sales tax of $2 a unit is imposed on the good described in the table.The new price paid by consumers is $ ________ and ________ units are sold.

• A)$6;400
• B)$7;700
• C)$7;500
• D)$6.50;500
• E)$6.50;700

---

Definitions:

Trade Secrets

Intellectual property comprising confidential, non-public information providing a competitive edge.

Reverse Engineering

Reverse engineering is the process of deconstructing a product or system to understand its design, architecture, or to extract knowledge from the product for the purpose of reproducing or improving it.

Pharmaceuticals

Medicines and drugs developed for medical diagnosis, treatment, or prevention of diseases.

Universal Copyright Convention

An international treaty that provides copyright protection for creators in the signatory countries.