For a Good That Is Taxed,the Area on the Relevant

question 41

Multiple Choice

For a good that is taxed,the area on the relevant supply-and-demand graph that represents government's tax revenue is a

• A)triangle.
• B)rectangle.
• C)trapezoid.
• D)None of the above is correct;government's tax revenue is the area between the supply and demand curves,above the horizontal axis,and below the effective price to buyers.

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Definitions:

Taking Communion

A Christian sacrament in which bread and wine are consumed as symbols of Jesus’s body and blood, commemorating the Last Supper.

Ritual

A set of actions performed mainly for their symbolic value, prescribed by a culture or religion, to convey a specific meaning or tradition.

Jesus' Last Supper

The final meal that Jesus shared with his Apostles before his crucifixion, significant in Christian theology for its establishment of the Eucharist.

Hierarchal Polytheism

A religious belief system in which multiple gods exist, ranked in a hierarchy, where some deities are subordinate to others.