The Inverse Demand Function for Cases of Whiskey Defined by P

question 3

Multiple Choice

The inverse demand function for cases of whiskey defined by p = 186 - 6q, and the inverse supply function is defined by p = 90 + 2q.Originally there was no tax on whiskey.Then the government began to tax suppliers of whiskey $32 for every case they sold.How much did the price paid by consumers rise when the new equilibrium was reached?

• A)It rose by $32.
• B)It rose by $24.
• C)It rose by $22.
• D)It rose by $34.
• E)None of the above.

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Definitions:

Objective Lens

A primary lens in a microscope that is closest to the specimen, responsible for gathering light and focusing the image.

Field Diameter

The visible area that can be seen through the microscope lens at a particular magnification.

Coarse Adjustment Knob

A control mechanism on a microscope used for making large adjustments in the focus, typically to initially bring the specimen into view.

Light Control

The manipulation of light intensity, direction, and duration, often in photography, theater, or interior design.