College Paper Writing Service-Given the model of Supply and Demand from chapter 4, what would happen to the supply of your firm’s product and what would happen to the price and quantity of sales?

College Paper Writing Service-Given the model of Supply and Demand from chapter 4, what would happen to the supply of your firm’s product and what would happen to the price and quantity of sales?

Next consider a tax on an input your firm uses.  What would happen to the price your firm needs to pay for that input? 

Given the model of Supply and Demand from chapter 4, what would happen to the supply of your firm’s product and what would happen to the price and quantity of sales?

Can you say anything about the firm’s profit in this case?