This Problem Will Be Easier If You Have Done Problem

question 19

Multiple Choice

This problem will be easier if you have done Problem 3. The inverse demand function for grapefruit is defined by the equation p = 282 - 9q, where q is the number of units sold. The inverse supply function is defined by p = 7 + 2q. A tax of $22 is imposed on suppliers for each unit of grapefruit that they sell. When the tax is imposed, the quantity of grapefruit sold falls to

• A) 25.
• B) 14.
• C) 21.
• D) 23.
• E) 24.

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Definitions:

Folkway

A folkway is a customary social behavior that is informally enforced in a society, representing the everyday norms and practices.

Pedophilia

A psychiatric disorder characterized by an adult's sexual attraction to prepubescent children.

Child Abuse

refers to any physical, emotional, sexual harm, or neglect inflicted upon a child by a caregiver or another person.

Sanctions

Penalties or rewards for conduct concerning a social norm to maintain social order.