Question

Taxes are a part of a civil society, but they have a significant effect on supply and

Answer 1

Answer:

O price is higher and quantity is lower

Explanation:

Taxes are compulsory levies, fines that businesses have to make to the government. Taxes are imposed on income of workers, profits made on businesses and on imports.

When goods are taxed, it raises the price of good. Depending on how much the tax amount is, a good may become very expensive and this decreases quantity supplied.

Tax would increase the amount that buyers pay for a good, and reduce the quantity of goods that are being supplied to a seller.