This Graph Depicts a Tax Being Imposed,causing Demand to Shift

question 145

Multiple Choice

This graph depicts a tax being imposed,causing demand to shift from D₁ to D₂.According to the graph shown,the tax caused:

• A) an increase in consumption from Q₁ to Q₂.
• B) a decrease in consumption from Q₂ to Q₁.
• C) a decrease in the price consumers pay from P₃ to P₁.
• D) a decrease in the price the suppliers receive from P₃ to P₁.

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Definitions:

Indwelling Urinary Catheter

A tube inserted into the bladder through the urethra to drain urine, remaining in place for extended periods.

Erythropoietin

A hormone produced by the kidneys that stimulates the production of red blood cells in response to falling levels of oxygen in the tissues.

Hormone

Biological molecules produced by glands that regulate bodily functions by carrying messages through the bloodstream to organs and tissues.

Renal Calculi

Medical term for kidney stones, which are hard deposits made of minerals and salts that form inside the kidneys.