Answer:
sales tax is a tax placed on things you buy. the tax is a percent of money that goes to the government when you buy a product.
Explanation:
If you have an item that's $100 and there's a 7% sales tax, then the money going to the government is $7. meaning you'd have to pay a total of $107 for the product
Answer:
hardworking
Explanation:
well you just need to study hard so you can pass every exam
They questioned ideas about government
If the price of a product is higher than the equilibrium, there will be a surplus.
Option: A
Explanation:
Market equilibrium is reached when demand and supply curve intersect means there is an equal balance between demand and supply of the product in market. When the price of a product is higher than the equilibrium there will be a surplus of the product.
When producer produced enough product in comparison with demand what will happen? Producer will obviously sell his product in lower prices to make his stock clear. And when he lowers the price of product it will create huge demand means surplus of the product in the market.
