-Refer to the Graph Above to Answer This Question

question 35

Multiple Choice

-Refer to the graph above to answer this question.What would be the result if an effective price floor is set which is $2 different from the equilibrium price and demand increased by 30?

• A)The price would be above equilibrium and a surplus of 30 would be produced.
• B)The price would be below equilibrium and a shortage of 30 would be produced.
• C)The price would be above equilibrium and a shortage of 30 would be produced.
• D)The price would be below equilibrium and a surplus of 30 would be produced.

Comprehend the concept of ecological perspective in examining family-environment interactions.

Identify the processes of kin-work assignment and its gender implications within families.

Understand the basis of social exchange theory involving the rational calculation of costs and benefits in relationships.

Distinguish between basic research methodologies and their applications in studying families and social phenomena.

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Definitions:

Public Goods

Items whose consumption is not depleted by an additional consumer and from which individuals cannot be excluded from using.

Tax Revenue

Revenue earned by governments through the application of taxes.

After-Tax Distribution

The amount of income distributed to shareholders after taxes have been accounted for.

Excise Tax

A tax directly levied on certain goods, services, or activities, often to discourage their use or consumption.