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What does tax do to supply and demand 2024?

Charlotte Lee | 2023-05-07 23:59:25 | page views：1921
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Lucas Lewis

Studied at the University of Edinburgh, Lives in Edinburgh, Scotland.
Taxes reduce both demand and supply, and drive market equilibrium to a price that is higher than without the tax and a quantity that is lower than without the tax. ... After imposition of the tax, the supply curves shift up and to the left. Consumers pay $2.60 per gallon.
2023-05-08 23:59:25
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Savannah White

QuesHub.com delivers expert answers and knowledge to you.
Taxes reduce both demand and supply, and drive market equilibrium to a price that is higher than without the tax and a quantity that is lower than without the tax. ... After imposition of the tax, the supply curves shift up and to the left. Consumers pay $2.60 per gallon.
Effect of Taxes on Supply and Demand - Investopedia
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