If a tax is levied on the sellers of a product,then there will be a(n)

Name: If a tax is levied on the sellers of a product,then there will be a(n)
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Question

Quizplus · Accepted Answer

When a tax is levied on the sellers of a product, it increases the cost of production, which leads to a decrease in supply. This results in an upward shift of the supply curve, as sellers will need to charge a higher price to cover the cost of the tax and maintain their profit margins.

If a Tax Is Levied on the Sellers of a Product,then