Ask Question
30 April, 09:20

How do the taxes that are levied on goods and services affect market prices and quantities?

+5
Answers (1)
  1. 30 April, 10:34
    0
    The taxes that are levied on goods and services affect the market prices and quantities in a way that they increase the prices making the quanities bought to be either few or many depending on the tax increase. The consumers will likely bought goods or services that will not cost them much and having to provide tax that is high will effect the demand of the goods.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How do the taxes that are levied on goods and services affect market prices and quantities? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers