-Refer to the Above Figure

question 143

Multiple Choice

-Refer to the above figure. A unit tax has been placed on the good. The consumer pays what amount of the tax?

• A) none of the tax
• B) P2 - P0
• C) P2 - P1
• D) P1 - P0

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Definitions:

Seismic Waves

Waves of energy that travel through the Earth's layers, produced by earthquakes or other earth movements, used to study the interior of the Earth.

Epicenter

The point on the Earth's surface that is directly above the focus of an earthquake, where the seismic waves are felt most strongly.

Hypocenter

The point within the Earth where an earthquake originates, also known as the focus of the earthquake.

Normal Fault

A type of fault where the hanging wall moves downward relative to the footwall due to extensional forces, common in divergent plate boundaries.