All government payments to individuals are called transfer payments.

The data in the table above give two points on the demand curve for pizza. Using the midpoint method, when the price of a pizza falls from $10 to $9, what is the percentage change in price?

A) 8.2 percent B) 15.5 percent C) 10.5 percent D) 5.0 percent E) 1.0 percent

Excise taxes are the largest single source of federal government revenue

a. True b. False Indicate whether the statement is true or false