-The Table Gives the Demand and Supply Schedules for Fireworks

question 307

Multiple Choice

-The table gives the demand and supply schedules for fireworks on the Island of Big Bang. In the past, because many deaths have resulted from accidents involving fireworks, the government has banned fireworks and is enforcing the ban. A $5 a firework penalty on buyers of fireworks and a $4 a firework penalty on sellers will reduce the number of fireworks bought to ________ a week and the price paid by buyers will be ________ a firework.

• A) 80; $7
• B) 40; $13
• C) 0; an unknown amount
• D) 160; $11

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Definitions:

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