How does the government affect the supply and demand of a market?

Social Studies

2 answers:

jeka57 [31]2 years ago

7 0

Answer:

Price controls can also distort the effect of supply and demand on a market. Governments sometimes set a maximum or a minimum price for a product or service, and this results in either the supply or the demand being artificially inflated or deflated.

Explanation:

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MaRussiya [10]2 years ago

4 0

“ If the government increases the tax on a good, that shifts the supply curve to the left, the consumer price increases, and sellers price decreases. A tax increase does not affect the demand curve, nor does it make supply or demand more or less elastic”

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