Ask Question
6 September, 11:50

If the government offers a tax deduction to companies producing solar panels, what will happen in the market for solar panels?

+2
Answers (1)
  1. 6 September, 12:11
    0
    The answer to this question is The supply curve will shift to the right, increasing supply. When the government offer tax deduction for the solar panels, The amount of cost that needed to produce that product will decrease. This means that by using the same amount of capital, now the company able to produce more quantity of products, which will lead to the right shifting of the supply curve and increased supply.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If the government offers a tax deduction to companies producing solar panels, what will happen in the market for solar panels? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers