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
Which is the primary source of revenue for the federal government
soldier1979 [14.2K]

The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.

8 0
3 years ago
Which of the following would be considered a subtopic for a mind map?
snow_lady [41]

Answer:

Free youngboy

Explanation:

and blogging would be considrerd the sub

3 0
2 years ago
Read 2 more answers
What makes e-mail different from other forms of business communication?
enyata [817]
Email can be both formal or informal however face to face communication is usually most effective in business.
<span />
7 0
3 years ago
According to price progression, the lowest prices caskets are placed in the _______ quartile.
AlexFokin [52]

The lower-priced caskets are positioned in the higher mark-on quartile in accordance with price progression. Caskets that cost less will be marked up more.

<h3>What is Pricing Method?</h3>

The pricing method are the ways in which the cost of goods and services can be determined after taking into account all the variables influencing the pricing strategy as a whole, including the product or service, the competition, the target market, the product's life cycle, the firm's expansion plans, etc.

A pricing strategy is a plan or technique for choosing the most competitive price for a good or service. It assists you in setting prices while taking customer and market demand into account in order to maximize profits and shareholder value.

With this price strategy, as the consumer's investment rises, so does the value to them as opposed to value progressive pricing. An approach to pricing in which the cost of the casket and the markup are inversely related.

To learn more about pricing strategy, refer to;

brainly.com/question/20927491

#SPJ4

7 0
2 years ago
The following selected transactions apply to Topeca Supply for November and December Year 1. November was the first month of ope
vitfil [10]

Answer:

Note: See attached excel file for the record of the effect of the given transactions in a horizontal statements model.

In the attached excel file, we have:

Assets = Liabilities + Stockholders' Equity = $152,155

Explanation:

In the attached excel file, we have:

Sales tax payable on sales for November Year 1 = $65,500 * 9% = $5,895

Sales tax payable on sales for December Year 1 = $79,500 * 9% = $7,155

Assets = $152,155

Liabilities + Stockholders' Equity = $7,155 + $145,000 = $152,155

Therefore, the accounting equation is proved as follows:

Assets = Liabilities + Stockholders' Equity = $152,155

Download xlsx
6 0
2 years ago
Other questions:
  • _____ tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of ec
    9·1 answer
  • Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components depa
    7·1 answer
  • MC Qu. 112 A company is considering... A company is considering the purchase of new equipment for $105,000. The projected annual
    15·1 answer
  • 80 points! Please help!! You have been invited to give a speech at a local restaurant. The person who is hosting the event has a
    12·1 answer
  • What do you need to become a business development manager
    14·1 answer
  • I am free and i am a girl so do u want to be friends maybe??
    10·1 answer
  • A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed i
    9·1 answer
  • Define mortgage- backed securities.​
    13·2 answers
  • Sedentary muscles should be braised to make them become tender.
    13·1 answer
  • Suppose Nationwide increases the insurance premium they charge for their auto policies by 6 percent. In response, the demand for
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!