Suppose an excise tax of $1 is imposed on every case of beer sold and sellers are responsible for paying this tax. How would the imposition of the tax be illustrated in a graph?
A) The supply curve for cases of beer would shift to the right by $1.
B) The supply curve for cases of beer would shift to the left by less than $1.
C) The supply curve for cases of beer would shift to the left by more than $1.
D) The supply curve for cases of beer would shift to the left by $1.
D
Economics