The Figure Given Below Shows the Demand and Supply Curves

question 45

Multiple Choice

The figure given below shows the demand and supply curves of labor.A per-unit tax imposed on the wage income of the employees shifts the supply curve of labor upward.
-Refer to Figure 18-2.The total revenue collected by the government from the per-unit tax is represented by the area:

• A)BFL₁O.
• B)CEL₂O.
• C)ABFG.
• D)ACEG.

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Definitions:

Compulsion

A repetitive and seemingly purposeful behavior performed in response to an obsession or according to rules that must be rigidly followed.

Ritualized Behaviors

Actions performed in a prescribed manner that are often symbolic and are part of a larger cultural or religious practice.

Disaster

A sudden event, such as an accident or a natural catastrophe, that causes great damage or loss of life.

Obsessive-compulsive Disorder

A mental disorder characterized by unwanted, recurring thoughts and repetitive behaviors that the individual feels compelled to perform.