Suppose That Sellers Require $6

question 168

Multiple Choice

Suppose that sellers require $6.70 per unit to sell 800 units. If a $2 tax per unit is placed on sellers, the sellers will require _______ per unit to sell 800 units, causing the supply curve ________.

• A) $8.70; to shift up by $2.00
• B) $8.70; to shift down by $2.00
• C) $4.70; to shift up by $2.00
• D) $4.70; to shift down by $2.00

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Definitions:

Primary Emotions

Fundamental feelings such as happiness, sadness, anger, and fear that are considered universal across cultures.

Autonomy Versus Shame

A stage in Erik Erikson's theory of psychosocial development where toddlers learn to exercise will and do things for themselves, or they doubt their abilities.

Mirror Neurons

are neurons that fire both when an individual performs an action and when they observe someone else performing that same action, thought to be crucial for learning through imitation.

Endogenous Smile

A smile that originates internally, often reflecting genuine happiness or contentment, not prompted by external stimuli.