Question

Government imposes GST on production of good . Explain its effects on supply of that good.​



please explain it clearly

Answer 1

Answer:

Taxation shifts a supply curve to the left. At a given level of demand, taxation's reduction of incentives will result in a decrease in the production of goods or services. As shown above, the equilibrium price will rise and the equilibrium quantity will fall.

Explanation:

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Answer 2

Answer:

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