Assume That for Good X the Supply Curve for a Good

question 5

Multiple Choice

Assume that for good X the supply curve for a good is a typical,upward-sloping straight line,and the demand curve is a typical downward-sloping straight line.If the good is taxed,and the tax is tripled,the

• A)base of the triangle that represents the deadweight loss triples.
• B)height of the triangle that represents the deadweight loss triples.
• C)deadweight loss of the tax increases by a factor of nine.
• D)All of the above are correct.

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Definitions:

Encoding

The first step of transforming data into a format that can be preserved in memory.

PKU

Short for Phenylketonuria, a genetic disorder characterized by the inability to metabolize phenylalanine, leading to its accumulation and potential brain damage.

Genetic Disorder

A disease or condition caused by an abnormality in an individual's DNA, ranging from minor to severe effects on health and development.

Intellectual Disability

A condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills; onset occurs before adulthood.