unit 2 (2.2) - shifts in demand and supply\nquestion\ntrue or false?\nwhen considering factors that shift…
unit 2 (2.2) - shifts in demand and supply\nquestion\ntrue or false?\nwhen considering factors that shift supply - curves, lower product taxes on producers will decrease supply.\nselect the correct answer below:\ntrue\nfalse
Answer
Brief Explanations:
Lower product - taxes on producers reduce their production costs. With lower costs, producers are more willing and able to supply more at each price level, which shifts the supply curve to the right (increases supply), not decreases it.
Answer:
False