Answer:
The supply and demand curves will shift to the left i.e. there will be a decrease in demand and supply.
Step-by-step explanation:
First: Tax is a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
Secondly: Money supply is the total amount of monetary assets available in an economy at a specific time.
When tax is increased, this means individuals and businesses have to contribute more to the state revenue leaving both categories with lesser income or profit i.e. lesser to spend.
In the same way, when money supply decreases, there is lesser money available to both individuals and businesses
What this implies is that demand will decrease because income has decreased. Supply will also decrease because producers will not make as much profit given the increase in tax (tax is considered cost of production).
As a result of this, the demand curve shifts to the left, the supply curve also shift to the left because both demand and supply will decrease.
It decreased $7 in the last 2 days
The angle BAC and DCA are alternate interior angles , Option D is the right answer.
What are Parallel Lines ?
The lines in a plane which never intersect and are at a same distance always are called Parallel Lines.
In the given question it is given that there are two lines FG and DE
The lines are parallel to each other , and transversal are AC and BC .
The angle BAC and DCA are alternate interior angles as AC is the transversal of the parallel lines.
Option D is the right answer.
To know more about Parallel Lines
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