A tax levied on the supplier of a product shifts the:

Name: A tax levied on the supplier of a product shifts the:
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Question

Quizplus · Accepted Answer

A tax levied on the supplier of a product makes it more costly for them to supply that product, effectively decreasing the quantity they are willing or able to supply at any given price. This is represented graphically by a shift of the supply curve upwards or to the left.

A Tax Levied on the Supplier of a Product Shifts