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Vladimir79 [104]
2 years ago
14

If a tax is levied on the sellers of a product, then the supply curve will

Business
1 answer:
insens350 [35]2 years ago
7 0

The supply curve will shift upward if a tax is levied on the sellers of a product.

<h3>What is a supply curve?</h3>

A supply curve shows the graphical representation of the price of the product and the quantity of the product for the given time period.

When a supply curve shift upwards, it shows a decrease in the supply of the goods and increase in the price of goods. This shows how the curve will shift with a change in the prices of goods.

A supply will get a shift in the direction due to factors like the cost of input, changes in technology, events caused by natural shifts and so on.

Learn more about the supply curve, here:

brainly.com/question/6075885

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