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Economics A Level

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Question:

How does an Ad Valorem Tax affect the Supply Curve?

Author: go kys



Answer:

-Ad Valorem leads to a Shift in the Supply Curve that goes to the Left, that IS NOT Parallel to the Original Curve. This is because there is a Different amount given if the Price is Low or High


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-Ad Valorem leads to a Shift in the Supply Curve that goes to the Left, that IS NOT Parallel to the Original Curve. This is because there is a Different amount given if the Price is Low or High
1 answer(s) in total

Author

go kys
go kys