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Who Bears the Burden of an Excise Tax If Demand

question 9

Essay

Who bears the burden of an excise tax if demand is perfectly inelastic; if supply is perfectly inelastic?
Use graphs in your explanation.


Definitions:

Communication Channel

The medium or method used to convey messages or information between senders and receivers.

Complementary Offerings

Products or services that enhance or are intended to be used together with another, creating more value for consumers.

Pricing Changes

Alterations made to the selling price of goods or services in response to market demands, cost fluctuations, or strategies.

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