Author Question: In graphical form,the effect of imposing a tax on a good is shown as A) a leftward shift of the ... (Read 70 times)

123654777 · **on:** Jun 29, 2018

In graphical form,the effect of imposing a tax on a good is shown as

A) a leftward shift of the market supply curve.
B) a rightward shift of the market supply curve.
C) a downward movement along the market supply curve.
D) no change to the market supply curve.

Question 2

On an afternoon that a class meets, you could alternatively study for an exam that will take place in another class the next morning, go to a movie with a friend, or, most desirable to you at present, take a nap.

The opportunity cost of attending the afternoon class is A) forgoing the nap.
B) missing seeing the movie with your friend.
C) giving up the time to study for the next morning's exam.
D) being unable to engage in all three of the above activities.