1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Norma-Jean [14]
2 years ago
11

If the government increases the excise tax on a gallon of gasoline we can expect the supply curve to shift rightward, quantity d

emanded to fall, and price to rise.
Business
1 answer:
Bess [88]2 years ago
6 0

If the government raises the excise tax of the product then supply curve tends to shift leftwards. Therefore, The above statement is false.

<h3>What is Supply Curve?</h3>

The supply curve refers to the graphical representation of the supply and the prices of the commodity. It tells how the supply of the commodity affects the prices of the product.

The complete question is attached below.

According to the above situation, when government increases the taxes of the gallon of gasoline then the supply curve will shift leftwards as the supply decreases.

It will lead to the increment in the level of the prices as the demand of the product will fall. Therefore, the above statement is false.

Learn more about supply curve here:

brainly.com/question/15533680

#SPJ1

You might be interested in
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
Juli2301 [7.4K]

Answer:

Healthcare practitioners & supporters and Management have highest percentage increase anticipated.

Explanation:

The Healthcare practitioners have most demand in the market is because of the fact that developing countries have higher demand for these jobs and thus they show highest growth.

On the other hand, management is the backbone of the company. We can not imagine a company without management. Hence their is an increased demand in management operations. If the GDP of the country is growing then it means the business is growing and their is increased demand for the management jobs.

The automation will affect most of the difficult jobs and would increase efficiency in the coming future. The occupations that would be affected will be aggriculture production operations.

7 0
3 years ago
Which of the following is a characteristic of economic services:
9966 [12]

Answer:

useful

Explanation:

i got it from USA test prep

4 0
3 years ago
Carter Corporation made sales of $ 825 million during 2018. Of this​ amount, Carter collected cash for $ 710 million. The​ compa
salantis [7]

Answer:

Part (a) The net income of carter is $115 million.

Part (b) The closing cash balance at the end of year is $360.

Explanation:

Part (a) Net Income Computation:

Sales                                     $825

Cost of goods sold             <u>(</u><u>$290</u><u>)</u>

Gross Profit                          $535

Other Expenses                  <u>(</u><u>$425</u><u>)</u>

Net income                          $115 Million

Part (b) The cash balance of  Carter is not dependent on non cash flows. So the cash transactions would be considered here for cash balance computation.

Opening Cash position               $290

Collection from Sales                  $710

Inventory Invoices paid              ($350)

For  Everything                           <u>($290)</u>

Closing Cash balance                 $360

4 0
3 years ago
When putting away pallets of freight into multiple depth drive-in bays, what level of racking should be stocked first, second, a
Solnce55 [7]
The level of racking that should be stocked first would be the top bay, followed by the middle bay, and the last level to be stocked would be the bottom bay. It's simpler to remember, "top, middle, then bottom" when putting away pallets of freight into multiple depth drive-in bays. I hope this helps!
7 0
3 years ago
Which is the most accurate definition of body language?
Masja [62]
Body Language is communicate by movement or position, particularly facial expressions, gestures and the relative positions of a speaker and listener.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Markets provide the efficient amount of a good or service when externalities are present. monopoly exists. public goods are pres
    6·1 answer
  • a customer has invested 20000 in a variable annuity. in the first year nav increases to 21100 at what rate wsill 1100 gain be ta
    10·1 answer
  • What is the name of the smallest amount that can legally be paid to most workers for an hour of work?
    13·1 answer
  • Crystal is teaching a newly promoted supervisor how to use the company’s performance management system. The supervisor asks Crys
    8·1 answer
  • Ally Bank advertises "24/7 live customer care," which means that customer can call by telephone and speak with a human being abo
    13·1 answer
  • The vital function of _____ involves transforming data into useful information for decision makers.
    6·1 answer
  • The following are some of the steps in the accounting cycle. Which of the following reflects the steps in the correct order? Fin
    14·1 answer
  • 1. Almost half the jobs in this country come from small businesses.<br> True<br> False
    15·1 answer
  • Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in mi
    13·1 answer
  • Information needed by external entities in order to evaluate business performance is provided by:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!