Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location PL
Mob_nav_barsMENU

CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 68 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 68
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

When a tax is imposed upon a commodity which the producers must pay to the government, this will cause the commodities?

Show Suggested Answer Hide Answer
Suggested Answer: B

by Loreta at Mar 30, 2023, 04:15 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA1-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Denae
1 months ago
Hey, at least the tax man isn't asking us to calculate the new equilibrium price. That would be a real headache!
upvoted 0 times
Linn
6 days ago
A) Supply curve to shift to the left
upvoted 0 times
...
...
Veronika
2 months ago
Hmm, let me think this through. If the producers have to pay a tax, that means their costs go up, right? So, the supply curve shifts to the left. Gotta be option D!
upvoted 0 times
Asuncion
10 days ago
Exactly, the tax would increase the cost for producers, leading to a decrease in supply.
upvoted 0 times
...
Malika
15 days ago
Yeah, that makes sense. So, the answer would be D, supply curve to shift to the left.
upvoted 0 times
...
Alverta
21 days ago
I think you're right, the supply curve would shift to the left because of the tax.
upvoted 0 times
...
...
Beatriz
2 months ago
D has got to be the correct answer. When producers have to pay a tax, it's like adding a weight to their supply, making them less willing to produce. Classic stuff!
upvoted 0 times
Helaine
11 days ago
D) Supply curve to shift to the left
upvoted 0 times
...
Aretha
19 days ago
C) Demand curve to shift to the left
upvoted 0 times
...
Buddy
1 months ago
A) Supply curve to shift to the right
upvoted 0 times
...
...
Tamekia
2 months ago
Aha, I remember this from my economics class! The tax increases the cost of production, so the supply curve shifts to the left. Easy peasy!
upvoted 0 times
Cecilia
2 days ago
Spot on! The tax on producers results in a shift to the left in the supply curve.
upvoted 0 times
...
Alaine
3 days ago
Exactly! The tax on producers leads to a leftward shift in the supply curve.
upvoted 0 times
...
Arthur
5 days ago
That's correct! The tax imposed on producers causes the supply curve to shift to the left.
upvoted 0 times
...
Georgeanna
21 days ago
Yes, you're right! The supply curve shifts to the left because the tax increases the cost of production.
upvoted 0 times
...
Meghann
27 days ago
I remember learning about this in economics class too. It's interesting how taxes can affect supply and demand.
upvoted 0 times
...
Delila
1 months ago
Exactly! It's all about how taxes impact the supply curve.
upvoted 0 times
...
Florencia
2 months ago
So, the correct answer is D) Supply curve to shift to the left.
upvoted 0 times
...
Luther
2 months ago
That's right! The tax increases the cost of production, causing the supply curve to shift to the left.
upvoted 0 times
...
...
Sharen
2 months ago
This seems like a straightforward application of the basic principles of supply and demand. The supply curve should shift to the left, as the producers have to pay a tax, reducing their willingness to supply the commodity.
upvoted 0 times
...
Yvette
2 months ago
But wouldn't producers reduce supply if they have to pay more taxes, causing the supply curve to shift to the left?
upvoted 0 times
...
Stacey
2 months ago
I disagree, I believe the answer is D) Supply curve to shift to the left.
upvoted 0 times
...
Yvette
3 months ago
I think the answer is C) Demand curve to shift to the left.
upvoted 0 times
...

Save Cancel
az-700  pass4success  az-104  200-301  200-201  cissp  350-401  350-201  350-501  350-601  350-801  350-901  az-720  az-305  pl-300  

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77