Question

A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to

A) cause the demand curve for car batteries to shift to the left by $15.00.
B) not cause any shift in the demand or supply curves for car batteries because car batteries are a necessity.
C) cause the supply curve for car batteries to shift to the right by $15.00.
D) cause the supply curve for car batteries to shift to the left by $15.00.

Answer 1

Answer:

D) cause the supply curve for car batteries to shift to the left by $15.00.

Explanation:

A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to cause the supply curve for car batteries to shift to the left by $15.00.

Taxation has a significant effect on supply, thus causing market equilibrium when a price is higher without the tax and a lower quantity without the tax. This simply means equilibrium price will rise while the equilibrium quantity falls.

After an imposition of the $15.00 tax, the supply curves shifts to the left.

Answer 2

Answer:

Answer is D. cause the supply curve for car batteries to shift to the left by $15.00.

Refer below.

Explanation:

A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to:

cause the supply curve for car batteries to shift to the left by $15.00.