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Demand curve
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== Effect of taxation on the demand curve == *When the demand curve is perfectly inelastic (vertical demand curve), all taxes are borne by the consumer. *When the demand curve is perfectly elastic (horizontal demand curve), all taxes are borne by the supplier. *If the demand curve is more elastic, the supplier bears a larger share of the cost increase or tax. <ref>{{cite journal |last1=Hutchinson |first1=Emma |title=4.7 Taxes and Subsidies |url=https://pressbooks.bccampus.ca/uvicecon103/chapter/4-6-taxes/ |website=Pressbooks.bccampus.ca |date=16 November 2017 |access-date=1 May 2022}}</ref>
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