Consider a Perfectly Competitive Market with Inverse Market Supply $P = 5 + 3 Q ^ { s }$

question 65

Multiple Choice

Consider a perfectly competitive market with inverse market supply $P = 5 + 3 Q ^ { s }$ and inverse market demand $P = 50 - 2 Q ^ { d }$ . Suppose the government subsidizes this market with a subsidy of $5 per unit. What is the impact on the government's budget resulting from the subsidy?

• A) -45
• B) -50
• C) -270
• D) -300

Recognize the importance of sustainability and efforts to reconcile economic growth with environmental protection.

Identify key figures and organizations in the environmental movement and their contributions.

Understand the concept of ecological footprint and ways to reduce it.

Recognize the role of sociology in understanding population dynamics and environmental issues.

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Definitions:

Evolutionary Mechanisms

Describes the processes by which organisms change over time through adaptation, natural selection, and genetic variation.

Natural Selection

The process whereby organisms better adapted to their environment tend to survive and produce more offspring.

Genetic Variations

Differences in DNA sequences among individuals, which contribute to the diversity of traits and characteristics within a population.

Adaptive

Refers to changes or adjustments in behavior, physiology, or structure that make an organism more suited to its environment.