Please find attached an image showing the shift of the supply curve to the left.
When a market for potato chips is in equilibrium, the demand curve intersects the supply curve. At this point, quantity demanded equals quantity supplied.
As a result of the excise tax imposed by the government, the cost of production would increase. This would discourage suppliers from producing the chips. As a result of the fall in supply, the supply curve would shift leftward. When the supply curve shifts leftward, equilibrium price increases and equilibrium quantity would decrease.
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