Use the following to answer questions:
Figure: Tax Incidence 
-(Figure: Tax Incidence) Look at the figure Tax Incidence. All other things unchanged, when a good or service is characterized by a relatively inelastic supply, as shown in panel _____, a greater share of the burden of an excise tax is borne by _____.
Definitions:
Increase in Demand
A situation where consumers are willing and able to purchase more of a good or service at each possible price, often depicted by a rightward shift in the demand curve.
Decrease
A reduction in size, number, value, or extent.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to market balance.
Supply Curve
An illustration that demonstrates the correlation between a good or service's price and the amount made available in a specific period.
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