Consider an Excise Tax Imposed on Daily Parking Charges in the Downtown

question 159

Multiple Choice

Consider an excise tax imposed on daily parking charges in the downtown of a small city.Before the imposition of the tax,equilibrium price and quantity are $15 and 100 cars parked.(P = $15,Q = 100) .The city government imposes a tax of $3 per car parked per day.Market equilibrium adjusts to P = $16 and Q = 95.How much tax revenue does the city government collect per day?

• A)$95
• B)$100
• C)$285
• D)$300
• E)$1710

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Definitions:

Gene Tree

Gene tree refers to the branched genealogical lineage of homologous alleles that traces their evolution back to an ancestral allele.

Species Tree

A representation of the evolutionary relationships among various species based on genetic data.

Coalescence Time

The time in the past where two or more gene sequences found in a sample population have a common ancestor.

Branch Lengths

In phylogenetics, measurements that represent the evolutionary distance or time between points in a phylogenetic tree.