Imposing a unit excise tax on the final sale of a good or service ...

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Imposing a unit excise tax on the final sale of a good or service can be displayed graphically as
 
  A) a vertical shift upward of the demand curve.
  B) a vertical shift upward of the supply curve.
  C) a vertical shift downward of the demand curve.
  D) a vertical shift downward of the supply curve.

Question 2

A firm that has a great deal of control over the price of a good is said
 
  A) to function in a black market.
  B) to create a tax incidence.
  C) to have monopoly power.
  D) to be in an antitrust position.

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Answer to Question 1

B

Answer to Question 2

C