Figure 18-2 Figure 18-2 Shows a Demand Curve and Two

question 110

Multiple Choice

Figure 18-2 Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other.
-Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, the government's revenue from the tax is represented by the area

• A) (P_aP_c × Q_a) if the supply curve is S₀ and (P_bP_c × Q_b) if the supply curve is S₁.
• B) (P_aP_d × Q_a) if the supply curve is S₀ and (P_bP_e × Q_b) if the supply curve is S₁.
• C) (P_aP_e × Q_a) under either supply curve.
• D) (P_bP_e × Q_b) under either supply curve.

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Definitions:

Zoospore

A flagellated motile spore produced asexually by chytrids, certain algae, water molds, and other protists.

Antibiotics

Medicinal substances used to treat bacterial infections by either killing bacteria directly or inhibiting their growth.

Chytrid

A group of mostly aquatic fungi that play a role in decomposing organic matter and can sometimes be harmful to amphibians.

Chitin

A long-chain polymer of N-acetylglucosamine, a derivative of glucose, forming a hard, protective exoskeleton in arthropods and cell walls of some fungi.