The Demand Curve for Rutabagas Is a Straight Line with Slope

question 22

Multiple Choice

The demand curve for rutabagas is a straight line with slope 23 and the supply curve is a straight line with slope 2.Suppose that a new tax of $3 per sack of rutabagas is introduced.

• A)The total number of rutabagas purchased increases.
• B)The price paid by demanders rises by the same amount as the price received by suppliers falls.
• C)The price received by suppliers falls by more than the price paid by demanders rises.
• D)The price paid by demanders rises by more than the price received by suppliers falls.
• E)The price paid by demanders rises by more than $3.

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Definitions:

Cork Cambium

A layer of tissue in plants that produces cork, a protective and waterproof material found on the outer surface of bark.

Cork Parenchyma

One or more layers of parenchyma cells produced inwardly by the cork cambium.

Vascular Cambium

A layer of tissue in plants found between the xylem and the phloem in the stems and roots of vascular plants, responsible for secondary growth and the increase in stem girth.

Epidermis

The outermost layer of cells in plants and animals that serves as a protective barrier against environmental elements.