The Inverse Demand Function for Cigars Is Defined by P

question 19

Multiple Choice

The inverse demand function for cigars is defined by p = 240 - 2q, and the inverse supply function is defined by p = 3 + q. Cigars are taxed at $4 per box.

• A) The after-tax price paid by consumers rises by more than $2, and the after-tax price received by suppliers falls by less than $2.
• B) The after-tax price paid by consumers goes up by less than $2, and the after-tax price received by suppliers rises.
• C) Consumers and suppliers share the cost of the tax equally.
• D) The after-tax price paid by consumers rises by $4, and the after-tax price received by suppliers stays constant.
• E) The after-tax price paid by consumers rises by less than $2, and the after-tax price received by suppliers stays constant.

---

Definitions:

Braden Scale Score

A tool used in healthcare to assess a patient's risk of developing pressure ulcers, based on factors like mobility, moisture, and nutrition.

Bedridden

A term describing a person who is unable to get up from bed due to health reasons.

Irrigate

To flush or wash out a wound or area with a stream of fluid.

Debris

Scattered pieces of waste or remains typically left over from any destruction or discard process.