The Demand Curve for Rutabagas Is a Straight Line with Slope

question 30

Multiple Choice

The demand curve for rutabagas is a straight line with slope 26 and the supply curve is a straight line with slope 2.Suppose that a new tax of $3 per sack of rutabagas is introduced.

• A)The price received by suppliers falls by more than the price paid by demanders rises.
• B)The total number of rutabagas purchased increases.
• C)The price paid by demanders rises by the same amount as the price received by suppliers falls.
• D)The price paid by demanders rises by more than the price received by suppliers falls.
• E)The price paid by demanders rises by more than $3.

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Definitions:

Ideological Arguments

Discussions or debates grounded in sets of beliefs, values, or principles that characteristically define the outlook of specific groups, movements, or societies.

Deductive

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Ideological Reasoning

The process of thinking that is guided by a set of beliefs or values belonging to a particular ideology.

Ideological Reasoning

The process of thinking and forming judgements based on a fixed set of beliefs or ideology.