Answer to Question #126138 in Economics for yunkiboongi

Question #126138

Using a demand and supply diagram, analyse the effect of removing an indirect rax at the market for a product.

Expert's answer

without an indirect tax goods will be cheaper, a business agrees to sell product at a lower prices. Prices decrease, people buy more.

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Billy is a star player for the Los Angeles Lakers basketball team. He is close to breaking the major
2. “It is unfair to compare the experience of now developing countries under colonialism to what migh
3. Discuss the concept of “peripheral capitalism” and its effects to third world countries’ devel
4. Assuming that a household in Happy-land consumes only apple juice and T-shirts. Last year, which was
5. The total production of the mobile company last week is 195,000 items. The design capacity of the fa
6. 1) Prince can consume 2 goods X1 and X2 at a price p1 and p2 respectively .Princes preferences ar
7. Prince can consume 2 goods X¹ and X² at a price p¹ and p² respectively .Princes preferences are