If an excise tax is imposed on beer and collected from the producers,the _____ curve will shift _____ by the amount of the tax.

A) demand;upward
B) demand;downward
C) supply;upward
D) supply;downward

Excise Tax

A tax levied on specific goods, services, or transactions, such as tobacco, alcohol, and fuel, usually to discourage consumption or raise government revenue.

Supply Curve

A graphical representation of the supply schedule, showing the relationship between quantity supplied and price.

Demand Curve

A graphical representation of the demand schedule, showing the relationship between quantity demanded and price.