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Do taxes affect supply and demand 2024?

Charlotte Johnson | 2023-05-07 23:59:15 | page views：1881
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Ava Wilson

Studied at Stanford University, Lives in Palo Alto. Currently working as a software engineer for a leading tech company.
As sales tax causes the supply curve to shift inward, it has a secondary effect on the equilibrium price for a product. Equilibrium price is the price at which the producer's supply matches consumer demand at a stable price. Since sales tax increases the price of goods, it causes the equilibrium price to fall.
2023-05-09 23:59:15
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Zoe Taylor

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As sales tax causes the supply curve to shift inward, it has a secondary effect on the equilibrium price for a product. Equilibrium price is the price at which the producer's supply matches consumer demand at a stable price. Since sales tax increases the price of goods, it causes the equilibrium price to fall.
Sales Tax Effect on Supply & Demand | Chron.com
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