For Widgets,the Supply Curve Is the Typical Upward-Sloping Straight Line,and

question 164

Multiple Choice

For widgets,the supply curve is the typical upward-sloping straight line,and the demand curve is the typical downward-sloping straight line.A tax of $15 per unit is imposed on widgets.The tax reduces the equilibrium quantity in the market by 300 units.The deadweight loss from the tax is

• A)$1,750.
• B)$2,250.
• C)$3,000.
• D)$4,500.

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Definitions:

Metabolic Function

The complex biochemical processes occurring within a living organism or cell to maintain life, including energy production, growth, and elimination of waste.

Nucleus

A membrane-bound organelle found in eukaryotic cells that contains the genetic material.

Metabolic Function

Refers to the biochemical processes that occur within living organisms to maintain life, including energy production and material transformation.

Soma

In biology, the body of an organism as distinct from its reproductive cells; in neuroscience, the cell body of a neuron.