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

Hey BTS ARMY's! What song/solo made you an ARMY? For me idrk...Dynamite was the first I heard thanks to Galaxy commercials (lol) And the first solo was either J
5x+30=7x+20 Bbbbnnvvvcvhbx
Please help, I cant figure this out.
is birthday capitalization of a end of a sentence
please help me on this will give brainliest
I need help on this question If someone could help me please and thank you!
Pls help I’ll give you the brainliest if you answer this question
The brittle, rocky outer layer of Earth
Milan puts 1/4 of her lawn money in savings and uses 1/2 of the remaining money to pay her sister. If she has $15 how much did she have at first?
Find the retail price of an item with a wholesale price of $50 at a 30% markup