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.
Question 2
If a firms cuts inputs in half, and output falls by more than half, then there are
A) increasing returns to scale.
B) decreasing returns to scale.
C) constant returns to scale.
D) decreasing marginal returns.
This chart shows the various lines of responsibility and how they differ in presidential and parliam
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Government Corruption versus GDP per Capita, 2009
Pizza and eating disorders can be life threatening
Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ...
Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ...