A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to

A) cause the demand curve for car batteries to shift to the left by $15.00.

B) not cause any shift in the demand or supply curves for car batteries because car batteries are a necessity.

C) cause the supply curve for car batteries to shift to the right by $15.00.

D) cause the supply curve for car batteries to shift to the left by $15.00.

Question

Cheeky

Business

14 April, 05:54

A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to

A) cause the demand curve for car batteries to shift to the left by $15.00.

B) not cause any shift in the demand or supply curves for car batteries because car batteries are a necessity.

C) cause the supply curve for car batteries to shift to the right by $15.00.

D) cause the supply curve for car batteries to shift to the left by $15.00.

+5

Answers (2)

Know the Answer?

Kira Sharp · Answer 1

Answer is D. cause the supply curve for car batteries to shift to the left by $15.00.

Refer below.

Explanation:

A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to:

cause the supply curve for car batteries to shift to the left by $15.00.

Parker Costa · Answer 2

D) cause the supply curve for car batteries to shift to the left by $15.00.

Explanation:

A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to cause the supply curve for car batteries to shift to the left by $15.00.

Taxation has a significant effect on supply, thus causing market equilibrium when a price is higher without the tax and a lower quantity without the tax. This simply means equilibrium price will rise while the equilibrium quantity falls.

After an imposition of the $15.00 tax, the supply curves shifts to the left.