Use the Following to Answer Questions

question 174

Multiple Choice

Use the following to answer questions:
Figure: Demand Tax
-(Figure: Demand Tax) The figure illustrates a market for gasoline with a $1 tax imposed on the buyers. What price do buyers pay for a gallon of gasoline in this market?

• A) $3.50
• B) $3
• C) $2.50
• D) between $2.50 and $3.50, depending on the elasticity of supply

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Definitions:

UPS

Uninterruptible Power Supply; a device that provides emergency power to a load when the input power source fails.

Air Vents

Openings designed to allow air to enter or exit a space or component, used for cooling, ventilation, or air circulation.

External Hard Drive

A portable storage device used to back up or store files, connected to a computer or another device via USB or another interface.

Internal Hard Drive

A data storage device located inside a computer that stores all types of digital information.