The Supply Curve for Whiskey Is the Typical Upward-Sloping Straight

question 80

Multiple Choice

The supply curve for whiskey is the typical upward-sloping straight line,and the demand curve for whiskey is the typical downward-sloping straight line.When whiskey is taxed,the area on the relevant supply-and-demand graph that represents

• A)government's tax revenue is a rectangle.
• B)the deadweight loss of the tax is a triangle.
• C)the loss of consumer surplus caused by the tax is neither a rectangle nor a triangle.
• D)All of the above are correct.

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Definitions:

Splenomegaly

An abnormal enlargement of the spleen, which can be caused by various diseases or conditions affecting the spleen's ability to filter blood.

Cholecystitis

Inflammation of the gallbladder, often caused by gallstones blocking the cystic duct, leading to pain, fever, and sometimes infection.

Murphy Sign

A physical examination finding that is positive when there is pain upon palpation of the gallbladder area, suggestive of cholecystitis or another gallbladder disease.

Obturator Test

A clinical test performed to help diagnose the presence of an irritated obturator internus muscle or appendicitis, involving rotation of the hip.