Ask Question
7 April, 10:00

A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to

A) cause the demand curve for car batteries to shift to the left by $15.00.

B) not cause any shift in the demand or supply curves for car batteries because car batteries are a necessity.

C) cause the supply curve for car batteries to shift to the right by $15.00.

D) cause the supply curve for car batteries to shift to the left by $15.00.

+2
Answers (2)
  1. 7 April, 11:05
    0
    D) cause the supply curve for car batteries to shift to the left by $15.00.

    Explanation:

    A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to cause the supply curve for car batteries to shift to the left by $15.00.

    Taxation has a significant effect on supply, thus causing market equilibrium when a price is higher without the tax and a lower quantity without the tax. This simply means equilibrium price will rise while the equilibrium quantity falls.

    After an imposition of the $15.00 tax, the supply curves shifts to the left.
  2. 7 April, 12:28
    0
    Answer is D. cause the supply curve for car batteries to shift to the left by $15.00.

    Refer below.

    Explanation:

    A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to:

    cause the supply curve for car batteries to shift to the left by $15.00.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to A) cause the demand curve for car batteries ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers