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

The potential energy at x = 8 m is -2000 V and at x = 2 m is 400 V. What is the magnitude and direction of the electric field?
guys pls make it fast [tex]3^{3x-2\\} =\sqrt[3]{9}[/tex]
If the economy of a nation such as greece is faltering, the value of its associated currency, the euro, is likely to________.
TASK 2: PREDICTING ECONOMIC ACTIVITY Having economic data is good for historical knowledge, but it is also essential to attempt to predict future economic activ
Inventory turnover is computed by dividing average merchandise inventory by cost of goods sold. a. true b. false
a a ¹2-5, find £r(:) = En n=l n=1 b Given that Σ
Write a one (1) page minimum letter to Okonkwo from Queen Victoria's perspective, trying to persuade him of the advantages of colonialism.
choose the one which expresses the right meaning of the given word. PityA) OffenceB) Kindness C) MercyD) Joy​
Which of the following is the primary purpose of interest groups?
What term refers to an art movement whose artists focused solely on everyday conditions of the working class?