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

Which type of muscle tissue is multinucleate, striated, and unbranched? see section 45.2 ( page 948) ?
Add or remove commas Lou and I climbed the steep rocky, trail because we heard there would be free sodas at the summit.
Given F(x)=1/3(4-x)^2 What is the value of f(16)​
Explain how exploration and trade contributed to the growth of capitalism in europe during this time.
the quotient of 3 times a number "x" and 2 less 3 times the square of "x"​
Who won the first Cold War containment
Explain the concept of contrapasso in Dante’s vision of Hell and explain how both the location and the punishment of the Neutrals reflects this concept. Your an
Must be correct and it tells me if its wrong! Which hypothesis is most supported by astronomers? 1 The universe is currently expanding and will continue to expa
Compare the algebraically expressed function f(x) = -8x2 + 4x + 2 to the function shown in the graph to determine which statement is true.A) The algebraic funct
Which of the following are true statements about a regular polygon? Check all that apply.