A Tax on Sellers Shifts the Supply Curve but Not

question 20

True/False

A tax on sellers shifts the supply curve but not the demand curve.

---

Definitions:

Down Time

Periods when a machine, system, or employee is not productive, due to maintenance, repairs, or rest, which can impact overall operational efficiency.

Gainsharing

Is a team- and group-based incentive system designed to share the cost savings from productivity improvements with employees.

Profit-Sharing

A compensation strategy where employees receive a share of the company's profits, often as a bonus or part of their salary.

Productivity Improvements

Productivity improvements refer to increases in the efficiency of production processes, resulting in higher output for the same or lower input.