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2 years ago

What would be the effect of a decrease in government taxes on a good's supply curve, ceteris paribus?

1 answer:

3 0

What would be the effect of a decrease in government taxes on a good's supply curve, ceteris paribus shift to the right

Supply curve shift:

Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price.

A supply curve shows how quantity supplied will change as the price rises and falls, assuming ceteris paribus—no other economically relevant factors are changing. If other factors relevant to supply do change, then the entire supply curve will shift. A shift in supply means a change in the quantity supplied at every price.

The ceteris paribus assumption :

A demand curve or a supply curve is a relationship between two, and only two, variables: quantity on the horizontal axis and price on the vertical axis. The assumption behind a demand curve or a supply curve is that no relevant economic factors, other than the product’s price, are changing.

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3 years ago

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Answer:

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Explanation:

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3 years ago

CodeHead Software Inc. does software development. One important activity in software development is writing software code. The m

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Explanation:

Standard hours per week = 40 hours

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= $320 (unfavourable)

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If the team generated 4,650 lines of code according to the original plan:

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Total codes per hour = 25 × 5 = 125

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2 years ago

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The answer is Appeal, my friend.

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3 years ago

A three-month HP put option with an exercise price of $60 sells for a premium of $8. The put is in the money only if the price o

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Answer:

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