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प्रश्न
If the government of India levies excise duty on sugar, in which direction will the supply of sugar shift?
उत्तर
If the excise tax rate rises, the cost of production rises while the supply of a commodity decreases. Thus, the supply curve will shift to the left.
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संबंधित प्रश्न
With the help of a diagram, explain the meaning of the increase in supply.
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