Advertisements
Advertisements
Question
How does the imposition of taxe affect the supply curve of a firm?
Solution
The supply curve will shift to the left.
APPEARS IN
RELATED QUESTIONS
In the case of ______, supply falls at the same price.
Which of the following factor may cause decrease in supply?
If the cost of production is less than the supply will ______.
What do you understand by shifts of the supply curve?
If the government of India levies excise duty on sugar, in which direction will the supply of sugar shift?
What causes a downward movement along a supply curve?
What is meant by 'increase' in supply?
If a farmer grows rice and wheat, how will a decrease in the price of wheat affect the supply curve of rice?
Discuss four factors which determine this phenomenon.
What effect does increased input prices have on the supply curve of a commodity? Draw a diagram to explain your answer.