ritchieandrew4027 ritchieandrew4027
  • 02-07-2021
  • Business
contestada

Assume a market for a normal good is currently in equilibrium. If the government increases the taxes that firms must pay, then:

Respuesta :

Priatouri Priatouri
  • 07-07-2021

Answer:

The supply will decrease.

Explanation:

The supply will decrease because the application of taxes will make selling costly. Thus, when cost increases then producers supply less. Therefore, less quantity will be supplied in the market when tax is imposed and this will increase the prices of products.

Answer Link

Otras preguntas

state three problems associated with the use of moderntelecommunication​
What is a land breeze?
if the passage is argument say it argument if the passage is non argument say it non argumnet 1, i belive that it must be the policy of united states to support
Which statement about lines of longitude is true? -They are parallel. -They converge at the poles -They locate positions in north and south directions. -They co
what is meaning of red and black taekwondo belt​ top the picture ....
Can you do this because it is confusing the thing is y=mx+c and also it is not 1/2x+0.5
On average, 5 of every 200 customer calls at company A are complaint calls. What percentage of company A’s customer calls are complaint calls ?
Which of the following is a solution to the equation x[tex]x^{2}[/tex]– 6x + 5 = 0?
What type of energy conversion takes place when playing a song on the radio?
does anyone know what the √2.25 is when rewritten as a fraction?