Use the Following to Answer Questions

question 133

Multiple Choice

Use the following to answer questions:
Figure: Supply Shift 2
-(Figure: Supply Shift 2) Refer to the figure. What would cause the supply curve to shift from S₁ to S₂?

• A) a $20 tax reduction on each unit of output
• B) a $40 tax reduction on each unit of output
• C) a $40 subsidy reduction on each unit of output
• D) a $20 subsidy reduction on each unit of output

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Definitions:

Virtual Communities

Groups of individuals who interact through and within digital platforms or environments, sharing common interests or goals.

Lineage

The direct descent from an ancestor; the line of ancestors of a specific person or group.

Egalitarian Societies

Societies in which people have about the same rank, and share equally in the basic resources that support income, status, and power.

Stratified Societies

Societies characterized by a hierarchical ranking of people into different social classes or strata.