Question

explain the determine of a firm supply curve lmportation of unit tax:-
help me please
need correct answer
otherwise i will report your answer.​

Answer 1

Answer:

As students of the Indian economy, you must be aware of the new taxation policy under GST. This development altered the market prices of various products. But do you know that for the products whose taxes were decreased, their respective producers pumped up their production? Let us understand this by studying determinants of the market supply curve.

Answer 2

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★ Explanation ★

• A supply curve is the graphical representation of a firm’s behaviour under market conditions. Technically, the supply curve is the graphical representation of a supply schedule. Alternatively, the supply curve is also the graphical representation of the law of supply. The law of supply states the direct relationship between price and quantity supplied, keeping other factors constant (ceteris paribus). .

• Recollect that unlike a demand curve, the supply curve slopes upwards from left to right, which indicates a direct relationship between the price of a commodity and its quantity supplied. . .

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