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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Answer:
The correct answer is letter "C": value drivers.
Explanation:
Company value drivers or elements that favor value creation, are those fundamental factors we should pay attention to while analyzing the core strengths of a company. Value drivers vary based on the industry and are useful to compare between companies or to find out which one is better positioned. <em>Barriers to entry, expansion to other markets, technology advances, and management</em> are the core value drivers of (Information Technology) IT firms.
Answer:
Medium of exchange
unit of account
store of value)
Explanation:
Functions of money
1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you buy a car with a check
2. Unit of account : money can be used to value goods and services. SEAN was able to determine which is more valuable between super and duper using the price.
3. Store of value : money can retain its value over the long term, this it can be used as a store of value.
The few rule the many. Hope this helped, have a great day! :D