Answer the Question on the Basis of the Following Domestic

question 82

Multiple Choice

Answer the question on the basis of the following domestic supply and demand schedules for a product.Suppose that the world price of the product is $1. $\begin{array} { c c c } \begin{array} { c } \text { Quantity } \\\text { Supplied } \\\text { (Domestic) }\end{array} & \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded } \\\text { (Domestic) }\end{array} \\ 12 & \$ 5 & 2 \\10 & 4 & 4 \\7 & 3 & 7 \\4 & 2 & 11 \\1 & 1 & 16\end{array}$ Refer to the given data.With a $1-per-unit tariff,price and total quantity sold will be:

• A) $3 and 7 units.
• B) $5 and 2 units.
• C) $1 and 16 units.
• D) $2 and 11 units.

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Definitions:

Instinct

A natural, usually unchangeable behavior observed in animals as a reaction to specific triggers.

Spiders

Arachnids characterized by eight legs, a chelicerae with fangs that inject venom, and the ability to spin webs.

Intrinsic Motive

A form of motivation driven by internal rewards, such as personal satisfaction, curiosity, or enjoyment, rather than external factors.

Biological Motive

An innate drive stemming from biological needs that motivates behavior, such as hunger, thirst, or the drive for sleep.