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:

Criticism

The expression of disapproval of someone or something based on perceived faults or mistakes.

Contempt

An intense feeling of disdain or scorn for someone or something considered to be inferior or worthless.

Paranoid

A mental state or trait characterized by excessive suspicion and distrust of others without sufficient basis.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification system for mental disorders published by the American Psychiatric Association.