Respuesta :
Rightward change in the supply curve The cost of producing a corporation's goods would go down if the income tax was eliminated.
When a good's tax rate rises gradually, what happens to the tax revenue?
Up to T*, government revenue grows along with the tax rate. Increased tax rates cause revenue to decrease past point T*. To put it simply, attempts to impose taxes above a particular threshold are unsuccessful and actually lead to lower overall tax receipts.
Which shifts in the supply curve of a product will they occur?
A change in supply, in its simplest form, is an alteration in the quantity delivered along with a rise or fall in the supply price. A shift in supply can be brought about by new technology, such as less expensive or more efficient production methods, or by a change in the number of market rivals.
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