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 please tysm(Explain)
The first class had a kids in it, the second had b kids in it, and the third class had c kids in it. Kids from all three classes were equally divided between tw
What texan leader defeated santa anna at the battle of san jacinto? awsers?
Ulysses S. Grant's early success came in the western theater of war, particularly in the successful 1863 siege of
A transformation T: (x, y) (x + 3, y + 1). For the ordered pair (4, 3), enter its preimage point. (-1, 2) (1, 2) (7, 4)
Name 2 economic and 2 political indicators of women's empowerment.'
What global events led to u.s involvement in korea?
Jonathan has collected of 400 marbles. Blue marbles make up 17% of his collection.
which of the following suffixes means "resembling"? A. -osis B. -cy C. -ity D. -oid
Match each vocabulary word to the correct definition. 1. Known sample 2. Intermediate photographs 3. Overview photographs 4. Physical evidence 5.