When an excise tax is imposed on sellers, this will cause the <u>supply</u> curve to <u>shift up and to the left</u>.
Excise duty is one of the six determinants of supply. They shift the supply curve to the left, reducing supply and raising the equilibrium price. The supply curve shifts until the vertical distance between the two curves equal the tax amount.
The effect of the tax on the supply and demand balance is to shift the quantity towards the point where the pre-tax demand minus the pre-tax supply equals the tax amount. A tax increases the price a buyer pays by less than the tax. Similarly, the price received by the seller will be lower, but less than the tax amount.
When a firm's profits increase, it will be more motivated to produce output, because more output means more profit. Therefore, as production costs fall, firms tend to supply larger quantities at a given price for their production. This can also be seen from the right shift of the supply curve.
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Africa faces huge challenges with multiple issues that adversely affect public health. One major challenge is the ability for both rural and urban Africans to access a clean water supply. According to the WHO (2006), only 59% of the world's population had access to adequate sanitation systems, and efforts to achieve the Millennium Development Goal, which is aiming for 75% by the year 2015, will fall short by nearly half a billion people.
Answer:
i think the answer is false
Explanation:
From an early age, Inca children watched their parents in order to learn their trade. The children of workers were expected to begin working at a very early age. From age five to nine, boys and girls were expected to help their family by watching younger siblings.
Answer:
persuasion has changed alot because nowadays people want to persuade people to do the stupidest things
Explanation:
Answer:
True
Explanation:
Late 1700s and 1800, They has no rights.
Basically slaves :)
