Solved

If the Government Places a $1

Question 117

Multiple Choice

If the government places a $1.20 tax on each pizza sold,


A) consumers will have to pay $1.20 more for each pizza they buy.
B) the supply curve will shift left by $1.20.
C) the demand curve will shift right by $1.20.
D) both the demand curve and the supply curve will shift by 60 cents each.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents