Suppose There Is Currently a Tax of $50 Per Ticket

question 87

Multiple Choice

Suppose there is currently a tax of $50 per ticket on airline tickets.Sellers of airline tickets are required to pay the tax to the government.If the tax is reduced from $50 per ticket to $30 per ticket,then the

• A)demand curve will shift upward by $20,and the price paid by buyers will decrease by less than $20.
• B)demand curve will shift upward by $20,and the price paid by buyers will decrease by $20.
• C)supply curve will shift downward by $20,and the effective price received by sellers will increase by less than $20.
• D)supply curve will shift downward by $20,and the effective price received by sellers will increase by $20.

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Definitions:

Concentration Differences

Variations in the amount of a particular substance per defined space, leading to a gradient that can drive diffusion processes.

Higher Concentration

A condition where the quantity of a particular substance in a mixture or solution is greater than in other parts or compared to another mixture.

Plasma Membrane

The plasma membrane, also known as the cell membrane, is the phospholipid bilayer that encloses the contents of a cell, controlling the passage of substances in and out of the cell.

Resting Membrane Potential

The electric potential difference across the plasma membrane of a resting neuron, crucial for the transmission of nerve impulses.