what-is-the-likely-impact-on-the-supply-curve-if-a-government-imposes-higher-tax

Question

What is the likely impact on the supply curve if a government imposes higher taxes on a product?

Accepted Answer

The supply curve shifts to the left.

Answer

The supply curve shifts to the right.

Answer

The supply curve becomes steeper.

Answer

There is no change in the supply curve.