Oil , coal , natural gas , metals , stones , air , sunlight , soil , water
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.
Learn more about tax here brainly.com/question/25783927
#SPJ4
<span>An example of a bipartisan action would entail
a situation where members of two parties within a government agree on
passing a bill that could become a law.</span>
The three most important functions of local government are ensuring connectivity to cities, healthcare facilities for the people and urban planning and development.
Local government refers to municipality who are assigned the role of fulfilling all the valid demands of the local people because of the inability of state government to reach the extreme ends of the nation. It is thus important for the local government to fix the problems faced by the people. The basic issues in villages are about lack of educational institutions, poor healthcare facilities, lack of proper roads, electricity supply, lack of hygienic water availability, no sewage disposal system and weak administration. The people at local level must be united to work for the betterment and upliftment of their conditions to that seen in urban cities.
Learn more about local government at:
brainly.com/question/22741294
#SPJ4
Answer:
ethnocentrism
Explanation:
ethnocentrism is judging other ethnic group, culture, tribe or race based on perception