In the Market for Widgets,the Supply Curve Is the Typical

question 145

Multiple Choice

In the market for widgets,the supply curve is the typical upward-sloping straight line,and the demand curve is the typical downward-sloping straight line.The equilibrium quantity in the market for widgets is 250 per month when there is no tax.Then a tax of $6 per widget is imposed.As a result,the government is able to raise $750 per month in tax revenue.We can conclude that the after-tax quantity of widgets is

• A)75 per month.
• B)100 per month.
• C)125 per month.
• D)150 per month.

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Definitions:

Random Assignment

A technique for assigning human participants or animal subjects to different groups in an experiment using randomization, which ensures that each participant or subject has an equal chance of being placed in any group.

Experimental Group

In research, the group of participants exposed to the variable or condition being tested to observe its effects.

Random Assignment

A method in experimental design where participants are allocated to different groups or conditions by chance, minimizing biases.

Blind Observations

An experimental technique where the observers or experimenters do not know the specific conditions being applied to the subjects, to reduce bias.