In the Market for Widgets,the Supply Curve Is the Typical

question 205

Multiple Choice

In the market for widgets,the supply curve is the typical upward-sloping straight line,and the demand curve is the typical downward-sloping straight line.The equilibrium quantity in the market for widgets is 200 per month when there is no tax.Then a tax of $5 per widget is imposed.The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3.The government is able to raise $750 per month in revenue from the tax.The deadweight loss from the tax is

• A)$250.
• B)$125.
• C)$75.
• D)$50.

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Definitions:

Intramuscular Injection

A method of administering medication deep into the muscles, allowing for quicker absorption into the bloodstream.

Vastus Lateralis

A muscle in the thigh that is part of the quadriceps group, it extends the leg at the knee joint.

Needle Safety

Needle safety refers to practices aimed at reducing the risk of injury and transmission of pathogens when using needles in medical settings.

Syringe

A medical instrument used to inject fluids into or withdraw them from the body.