If the Demand Curve for Pollicles Is Negatively Sloped and the Government

question 4

Multiple Choice

if the demand curve for pollicles is negatively sloped and the government imposes a tax t on every unit of output sold by the industry, in the long run

• A)fewer pollicles will be sold.
• B)more pollicles will be sold.
• C)each firm in the industry produces more pollicles.
• D)each firm in the industry produces fewer pollicles.
• E)the same number of pollicles will be sold.

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Definitions:

Probability Density

A function that describes the relative likelihood for a random variable to take on a given value.

Probability Density Function

A mathematical expression that defines the probability of a continuous random variable assuming a specific value.

Probability Density Function

A function that describes the likelihood of a continuous random variable to take on a particular value.

Inclusive

An approach or policy that ensures all individuals have equal access, opportunities, and rights without discrimination.