-The Demand and Supply of a Product Is Given in the Above

question 75

Multiple Choice

-The demand and supply of a product is given in the above table. A unit tax of $2 is imposed on the product. The equilibrium quantity for this product after the tax is imposed is equal to

• A) 30 units.
• B) 25 units.
• C) 20 units.
• D) 15 units.

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Definitions:

Molecules

The smallest particle of a chemical substance that can exist independently while retaining the chemical properties of the substance, consisting of two or more atoms bonded together.

Atoms

Fundamental particles that make up everything, composed of a central nucleus encircled by electrons.

Radioactive Compound

A radioactive compound contains atoms that undergo spontaneous decay, emitting radiation as a result.

PET

A medical imaging technique, Positron Emission Tomography, which uses radioactive substances to visualize and measure metabolic processes in the body.