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

question 100

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.After imposition of the tax,what is the daily after-tax price received by the seller per car parked?

• A)$1
• B)$3
• C)$13
• D)$15
• E)$16

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Definitions:

Gestures

Meaningful body movements and postures.

Facial Muscle Activity

Movements of the muscles in the face that are often analyzed to understand emotions and expressions.

Cognitive Thinking

The process of acquiring knowledge and understanding through thought, experience, and the senses.

Vocal Pitch

The perceived frequency of a voice, which can influence perceptions of the speaker's emotional state, physical size, and social dominance.