-A shift in the above graph from S1 to S2 may represent
A)a tax increase.
B)a tax decrease.
C)the imposition of a price ceiling.
D)the imposition of a price floor.

Name: -A shift in the above graph from S1 to S2 may represent A)a tax increase. B)a tax decrease. C)the imposition of a price ceiling. D)the imposition of a price floor.
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Question

-A shift in the above graph from S1 to S2 may represent
A)a tax increase. 
B)a tax decrease. 
C)the imposition of a price ceiling. 
D)the imposition of a price floor.

Quizplus · Accepted Answer

A tax increase would shift the supply curve to the left, from S1 to S2.

-A Shift in the Above Graph from S1 to S2