Question

Commerce represents supply side of market true or false justify

Answer 1

Yes, the statement is totally right that commerce represents the supply side of market, because, it determines the tax rate on the goods. if the supply rate is more then the vat is less and if the supply rate is less then the rate of vat is more and it is because, to maintain the balance of the economy.

Answer 2

Explanation:

True

Supply side of market::::

♥ Expected future prices

♥ it firms expected price of the product will increase in the future they have an incentive to decrease supply now

♥ Number of firms in the market

♥ when new firms enter the market supply increases

♥ when firm exit the market supply decreases

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