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.
B
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Many people perceive erroneously that most macroeconomists spend a lot of time engaged in
A) forecasting. B) macroeconomic research. C) macroeconomic analysis. D) data development.
From the 1970s through the 1990s, the relative price of a college education has increased greatly. During the same time period, college enrollment has also increased. This evidence suggests that during this time period
A) the demand curve for a college education has shifted leftward. B) the demand curve for a college education has shifted rightward. C) the supply curve for a college education has shifted leftward. D) the supply curve for a college education has shifted rightward.