Braden works alone at a very popular dog salon called "Pup-Style" which always has customers waiting for service. Each customer
requests Braden's signature "wash, dry, and style" package for their pet. It takes Braden exactly 10 minutes to wash and dry the pet and exactly 12 minutes to style. For all parts of this question, define the "process" for a single customer to begin once the customer hands over the pet for a wash and ends once the style is complete. Assume the process is operating at capacity.
1 answer:
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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.
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