Question

The government has lowered taxes on cattle ranchers. The determinant of supply for beef is __________ , and the supply curve will shift to the ______________________ .

other goods ; left


technology ; right

subsidies and taxes ; right


subsidies and taxes ; left

Answer 1

Answer: subsidies and taxes ; right

Explanation:

Since the government has reduced taxes on cattle ranchers, the determinant of supply for beef will be subsidies and taxes.

This will bring about a rightward shift to the supply curve which means that the quantity of beef that is supplied will increase due to the reduction in tax.