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What would be the expected impact on the supply curve for salon services if the government increased licensing requirements for beauty salons, and how would this change affect the beauty salon industry? A) The supply curve for salon services would shift to the right. B) The supply curve for salon services would remain unchanged. C) The supply curve for salon services would shift to the left. D) The government cannot impact the supply curve for salon services. Which statement accurately describes the expected effect of increased licensing requirements on the supply curve for salon services?
What would be the expected impact on the supply curve for salon services if the government increased licensing requirements for beauty salons, and how would this change affect the beauty salon industry? A) The supply curve for salon services would shift to the right. B) The supply curve for salon services would remain unchanged. C) The supply curve for salon services would shift to the left. D) The government cannot impact the supply curve for salon services. Which statement accurately describes the expected effect of increased licensing requirements on the supply curve for salon services?
Final answer:Increasing licensing requirements for beauty salons would shift the supply curve for salon services to the left, resulting in a decrease in the supply of salon services. So here option c is correct.Explanation:The expected impact on the supply curve for salon services if the government increased licensing requirements for beauty salons would be a shift to the left. This means that the supply of salon services would decrease. Increased licensing requirements would make it more difficult for new salons to enter the market and for existing salons to expand, leading to a decrease in the overall supply of salon services.Learn more about Supply and Demand here:brainly.com/question/9872367#SPJ11...