which-of-the-following-best-describes-the-effect-of-a-tax-on-the-supply-curve

Question

Which of the following best describes the effect of a tax on the supply curve?

Accepted Answer

The supply curve shifts upward by the amount of the tax.

Answer

The supply curve remains unchanged.

Answer

The supply curve becomes vertical.

Answer

The supply curve shifts downward by the amount of the tax.