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)
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a tax is levied on the sellers of a product, the cost of production increases for the sellers, making it less profitable to produce the product. This results in a decrease in the quantity supplied of the product at each price level, causing an upward shift of the supply curve. Therefore, option B is the correct answer.

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