Suppose There Is Currently a Tax of $50 Per Ticket

question 94

Multiple Choice

Suppose there is currently a tax of $50 per ticket on airline tickets.Buyers of airline tickets are required to pay the tax to the government.If the tax is reduced from $50 per ticket to $20 per ticket,then the

• A)demand curve will shift upward by $30,and the price paid by buyers will decrease by less than $30.
• B)demand curve will shift upward by $30,and the price paid by buyers will decrease by $30.
• C)supply curve will shift downward by $30,and the effective price received by sellers will increase by less than $30.
• D)supply curve will shift downward by $30,and the effective price received by sellers will increase by $30.

Understand the significance of lymph nodes in indicating health conditions.

Learn the proper techniques for assessing tenderness in patients with abdominal pain.

Recognize the varied symptoms and presentation of sexually transmitted infections (STIs).

Develop effective communication strategies for delivering sensitive health information to patients.

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Definitions:

Microeconomics

The branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.

Individual Households

Single units comprising one or more persons within an economy that make decisions about consumption, saving, and labor supply.

Inflation

The speed at which the overall price level for products and services increases, diminishing the buying power.

Unemployment

The situation where individuals who are capable of working and willing to work do not find employment.