Social Studies, 23.02.2021 01:30 BAJRY

Taxes are a part of a civil society, but they have a significant effect on supply and demand for goods. A tax is an extra cost added to an exchange. What is the effect of

tax on a markets equilibrium point?

Select the correct answer below:

O price is higher and quantity is lower

price is lower and the quantity is higher

tax increases supply and demande

there is no effect

Answers: 3

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Taxes are a part of a civil society, but they have a significant effect on supply and demand for go...

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