What is the impact of a production tax on the equilibrium price? the equilibrium price a. falls and the equilibrium quantity rises. b. rises and the equilibrium quantity rises. c. rises and the equilibrium quantity falls. d. falls and the equilibrium quantity falls.

The answer is: C. rises and the equilibrium quantity falls.

Explanation:

The impact of a production tax on the equilibrium price will be that it increases and the equilibrium quantity decreases.

A tax increases the price a buyer pays for a product, so if the price is higher, then the quantity demanded will be lower.

It doesn´t matter if the tax is levied upon the supplier or the buyer, since the result will be the same, a higher price for the product. The buyer only cares for the total price he or she pays (including taxes) and the producer only cares about the net revenue they get from a sale (discounting taxes).

i would ask my boss to do more things around the car shop. and i would slowly work my way up to working on cars and becoming a full time mechanic.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.