Good X produced in competitive market using input A. Explain what would happen to the supply of… 1 answer below »
Good X executed in competitive market using input A. Explain what would happen to the give of amiable X in each of the aftercited situations: (LO1, LO4)
a. The figure of input A decreases.
b. An exterminate tax of 53 is imposed on amiable X.
c. An ad valorem tax of 7 percent imposed on amiable X.
d. A technological fluctuate reduces the absorb of supple additional units of amiable X.