Figure 8-2 the Vertical Distance Between Points a and B Represents a Represents

question 228

Multiple Choice

Figure 8-2
The vertical distance between points A and B represents a tax in the market.
-Refer to Figure 8-2.The imposition of the tax causes the quantity sold to

• A)increase by 1 unit.
• B)decrease by 1 unit.
• C)increase by 2 units.
• D)decrease by 2 units.

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Definitions:

Negligence

The failure to take appropriate care in doing something, leading to damage or harm to someone else.

Holder

The individual or entity that possesses or controls a particular document, instrument, or security, having certain rights to it.

Drawee

A party upon whom a cheque or draft is drawn, typically a bank, responsible for paying the amount specified to the payee.

Negotiable Instruments

Financial documents promising payment to the holder, such as checks, bills of exchange, and promissory notes.