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

HELP ME :) .. z z z z
Answer the question below.
Pls help I’ll give u 38points, I need this in 1 hour
2. Justin raees his Chevy S-10 down the highway for 30 seconds and travels 2560 meters. What was his average speed?
Which type of succession take less time and why?
This is the outcome of the experiment. We get data and results from this. Dependent Variable Constant Independent Variable Control
(this isn't biology because they didn't have the subject I need) What kind of texture would an igneous rock that formed deep underground have? completely smooth
one half of 17’ 9 3/16”
2.6 Explain how the Life Skills teacher can use the principles of "ubuntu" and "communalism" in African Philosophy to teach Grade 5 learners to accept each othe
what do you mean by inclusive​