(Advanced Analysis) the Equations for the Demand and Supply Curves

question 130

Multiple Choice

(Advanced analysis) The equations for the demand and supply curves for a particular product are P = 10 − 0.4Q and P = 2 + 0.4Q, where P is price and Q is quantity expressed in units of 100. After an excise tax is imposed on the product, the supply equation is P = 3 + 0.4Q. The efficiency loss of this tax is

• A) $125.00.
• B) $62.50.
• C) $87.50.
• D) $1.00.

---

Definitions:

PCR

Polymerase Chain Reaction, a laboratory technique used to amplify DNA sequences, making millions of copies of a specific DNA section.

Restriction Enzymes

Proteins used in molecular biology that cut DNA at specific sequences, important for DNA modification and analysis tasks.

Recombinant DNA (rDNA)

DNA that contains genes from more than one source.

Vectors

Organisms, often insects, that transmit pathogens between humans or from animals to humans.