Suppose a Tax of $3 Per Unit Is Imposed on a Good.The

question 162

Multiple Choice

Suppose a tax of $3 per unit is imposed on a good.The supply curve is a typical upward-sloping straight line,and the demand curve is a typical downward-sloping straight line.The tax decreases consumer surplus by $3,900 and decreases producer surplus by $3,000.The tax generates tax revenue of $6,000.The tax decreased the equilibrium quantity of the good from

• A)2,000 to 1,500.
• B)2,400 to 2,000.
• C)2,600 to 2,000.
• D)3,000 to 2,400.

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Definitions:

Dethronement

Refers to the psychological impact experienced by a child when a younger sibling is born, leading to feelings of loss of attention and displacement.

First-born

A term denoting the first child born to a parent or parents, often discussed in the context of birth order effects on personality and development.

Styles of Life

Refers to Alfred Adler's concept of individual patterns of behavior and attitudes that develop as a result of interactions between one's unique environment and genetic disposition.

Dominant Type

Refers to a personality style characterized by assertiveness, competitiveness, and a tendency to seek control over situations and others.