especially the imposition of taxes. Both supply and demand are depicted on a graph, with price on the y-axis and demand on the x-axis. The supply curve, often upward sloping, shows that when the ...

Since price serves as the vertical axis of a supply-and-demand graph, this rising price from sales tax causes the supply curve to move inward so that reductions in supply correspond to existing ...

A supply curve illustrates the law of supply or ... and changes in the regulatory and tax environment. Demand is influenced by consumer preferences and the amount of disposable income they have ...