Economics:
how would a new excise tax affect the supply curve?

a. the effect cannot be determined without knowing the amount of the tax.

b. it would not change the supply curve, because it would only move price.

c. it would probably cause the supply curve to shift to the left.

d. it would probably cause the supply curve to shift to the right.

c. It would probably cause the supply curve to shift to the left.

Explanation:

These taxes are imposed on certain products that are specially produced to be sold in the local market. Business people have a responsibility of understand how the taxes work and how they may affect the supply of commodities.

However, the taxes do not affect all products equally because of the countermeasures that are in place to respond to the taxes so that the supply will not be affected

There the excise duty is likely to make the curve to move to the left because the excise duty increases the product price

question 1: paragraph 3

question 2: paragraph 2

question 3: paragraph 1

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