WebThe supply curve shifts up because consumers If an excise tax is implemented on suppliers: Group of answer choices: The demand curve shifts up because consumers attempt to pass the excise tax onto suppliers in the form of higher prices.

3.2 Shifts in Demand and Supply for Goods and Services

WebWhenever there is a change in any determinant of supply, other than the good’s price, the … WebC) There is a movement up along the market supply curve. D) There is a movement down along the market supply curve. Suppose the price of a gelato remains constant at $4 a cup and assume that stores that sell gelato cups also sell milk shakes. toyota highlander salvage parts

3.3 Demand, Supply, and Equilibrium – Principles of Economics

WebJul 22, 2024 · The vast majority of goods and services obey the law of supply, if for no other reason than it's more attractive to produce and sell an item when it can be sold at a higher price. Graphically, this means that the supply curve usually has a positive slope, i.e. slopes up and to the right. Web(The supply curve shifts down the demand curve so price and quantity follow the law of … Webmove the economy up along a stationary short - run aggregate supply curve . The increase in price levels will lead to upward movement along the upward sloping supply curve. 6. Workers expect inflation to rise from 3% to 5% next year. toyota highlander rubber mats