If the demand for a product is perfectly inelastic,the incidence of an excise tax will be:

Name: If the demand for a product is perfectly inelastic,the incidence of an excise tax will be:
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Quizplus · Accepted Answer

When demand is perfectly inelastic, consumers are willing to pay any price for a product, meaning the entire burden of an excise tax falls on buyers, as their demand does not decrease with higher prices.

If the Demand for a Product Is Perfectly Inelastic,the Incidence