-Refer to the Above Graph to Answer This Question

question 118

Multiple Choice

-Refer to the above graph to answer this question.If this product were taxed an amount equal to the external costs,what would be the equilibrium price and quantity?

• A)$30 and 500.
• B)$40 and 800.
• C)$50 and 700.
• D)$50 and 900.
• E)$60 and 800.

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Definitions:

Trend

The general direction in which something is developing or changing over time.

Control Chart

A graphical tool used in process control to display how a process changes over time, highlighting whether the process stays within predetermined control limits.

Sample Means

The arithmetic average of a set of values or observations, derived from a subset of a larger population.

Control Limits

The boundaries of acceptable variation in a process, used in statistical process control charts.