What effect would a tax increase have on income brainly

Asked by admin @ in Business Studies viewed by 303 People

Q5.

What will be the effect of increase in tax by government?a. Increase in cost of productionc. Increase in profit marginb. Creates fear in the mind of investors d. Increase in competition​

Answered by admin @


Answer:

a

Explanation:

In general, when the government brings in more in taxes than it spends, it reduces disposable income and slows the growth of the economy. ... The tax increase lowers demand by lowering disposable income. As long as that reduction in consumer demand is not offset by an increase in government demand, total demand decreases.


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