Use the Figure Below to Answer the Following Questions

question 13

Multiple Choice

Use the figure below to answer the following questions. Figure 6.3.2
-Refer to Figure 6.3.2.Government revenue from the tax is

• A)zero.
• B)$100.
• C)$300.
• D)$400.
• E)$600.

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Definitions:

Written Warranty

A legally binding promise made by a seller to a buyer that a product will meet certain quality and reliability standards.

Implied Warranties

Unwritten guarantees that ensure products or services meet certain standards of quality and reliability, even though not explicitly stated.

Disclaim

A legal term used when one renounces their right or claim to something, often to avoid liability.

Truth-in-Lending Act

A legislation at the federal level aimed at encouraging the knowledgeable use of consumer credit through mandated disclosures regarding its conditions and expenses.