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 left by $1.20.
D) both the demand curve and the supply curve will shift by 60 cents each.
Correct Answer:
Verified
Q103: Agricultural price supports are
A)price ceilings.
B)price floors.
C)quantity quotas.
D)taxes.
Q104: Q105: When there is a binding price ceiling, Q107: If the government institutes a specific tax Q108: A price floor that is set above Q112: If the government institutes a specific tax Q114: A price floor that is set above Q115: When there is a binding price floor Q118: A restriction on the number of people Q121: Which of the following is NOT a
A)there
A)there
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