Explain How an Excise Tax Levied on Suppliers Affects the Supply

question 215

Essay

Explain how an excise tax levied on suppliers affects the supply curve.

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Definitions:

Epidemic

Occurs when the number of cases of a particular disease during a particular time period is significantly higher than might otherwise be expected.

Pandemic

Occurs when a significantly higher number of cases of a disease also spreads through an especially large geographical region spanning many countries or even continents.

Epidemiology

The study of disease patterns to understand the cause of illnesses, how they are spread, and what interventions to take.

Epidemiologists

Professionals who analyze the spread, control, and prevention of diseases within populations.