Question

What will always cause a supply curve to shift to the left?

O fewer inputs
O advances in technology
O future expectations of falling prices
O excise taxes

Answer 1

Excise taxes

Explanation:

Excise taxes will always cause a supply curve to shift to the left. An excise tax is a tax on a specific good or service, which increases the cost of production for suppliers. As a result, suppliers will produce and supply less of the good or service, which leads to a decrease in the quantity supplied and a shift to the left in the supply curve.