A tax imposed on consumers of a good would cause the demand curve to shift downward and raise consumer prices.
The relationship between the price of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price will typically be shown on the left vertical axis and the amount needed on the horizontal axis in a depiction.
The law of demand states that when the price of a given good rises, the quantity required falls, all other things being equal. This is expressed by the demand curve moving downward from the left to the right. It should be noted that this formula suggests that quantity is the dependent variable and price is the independent variable.
To learn more about the demand curve
https://brainly.com/question/13828738
#SPJ4
