(Advanced Analysis)Answer the Question on the Basis of the Following

question 46

Multiple Choice

(Advanced analysis) Answer the question on the basis of the following information: The equations for the demand and supply curves for a particular product are P = 10 - .4Q and P = 2 + .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 + .4Q. Refer to the given information.Government's revenue from this tax is:

• A) $750.
• B) $1,500.
• C) $875.
• D) $800.

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Definitions:

Categorical Classification

A method of organizing or sorting entities into distinct categories based on shared characteristics or criteria.

Medical Classification

A system used in healthcare to categorize and encode diagnoses, symptoms, and procedures, facilitating easy storage, retrieval, and analysis of health information.

Classification System

A method of organizing or categorizing things based on shared qualities or characteristics.

Anatomical Abnormalities

Physical deviations from the normal structure of body parts or organs, which may affect function and can be congenital or acquired.