Assume That for Good X the Supply Curve for a Good

question 12

Multiple Choice

Assume that for good X the supply curve for a good is a typical,upward-sloping straight line,and the demand curve is a typical downward-sloping straight line.If the good is taxed,and the tax is doubled,the

• A)base of the triangle that represents the deadweight loss quadruples.
• B)height of the triangle that represents the deadweight loss doubles.
• C)deadweight loss of the tax doubles.
• D)All of the above are correct.

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Definitions:

Attacks

Aggressive and violent actions directed towards individuals, groups, or entities, often for ideological, political, or personal reasons.

Hamid Karzai

The first elected President of Afghanistan, serving from 2004 to 2014, known for his efforts to lead the country through a challenging period of reconstruction after decades of conflict.

Taliban

An Islamic fundamentalist political movement and military organization in Afghanistan known for its strict interpretation of Sharia law.

Corruption

Dishonest or fraudulent conduct by those in power, typically involving bribery or the misuse of public office for personal gain.