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22 July, 06:19

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.

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Answers (2)
  1. 22 July, 08:47
    0
    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.
  2. 22 July, 09:58
    0
    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.
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