Use the Following to Answer Questions

question 29

Multiple Choice

Use the following to answer questions:
Figure: Tax on Supply and Demand
-(Figure: Tax on Supply and Demand) According to the figure, if the tax is placed on sellers, the equilibrium is at Point:

• A) A, and the equilibrium price and quantity are P₃ and Q₂.
• B) A, and the equilibrium price and quantity are P₄ and Q₃.
• C) B, and the equilibrium price and quantity are P₃ and Q₂.
• D) C, and the equilibrium price and quantity are P₁ and Q₂

---

Definitions:

Genomic DNA

The complete set of DNA within an organism, encompassing all its genes and non-coding sequences.

Functional Enzymes

Enzymes that are actively engaged in catalyzing reactions and facilitating metabolic processes within living organisms.

Bacteriophages

Viruses that infect and replicate within bacteria, often used as tools in molecular biology and genetics.

Plasmids

Small, circular, double-stranded DNA molecules that are separate from a cell's chromosomal DNA and can replicate independently, often used in genetic engineering.