Question

explain government policies as determinant of supply? class 11th ​

Answer 1

Answer:

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Explanation:

Government Policy These taxes can raise overall costs. Hence, the supply of goods that are impacted by these taxes increases only when the price increases.

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Answer 2

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✰ Implies that the different policies of government, such as fiscal policy and industrial policy, has a greater impact on the supply of a product. For example, increase in tax on excise duties would decrease the supply of a product. On the other hand, if the tax rate is low, then the supply of a product would increase..

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