If demand is perfectly inelastic and the supply curve is upward-sloping,then the burden of an excise tax is:

A) borne entirely by consumers.
B) borne entirely by producers.
C) shared by consumers and producers,with the burden falling mainly on consumers.
D) shared by consumers and producers,with the burden falling mainly on producers.

Perfectly Inelastic

A situation where the quantity demanded or supplied does not change in response to a change in price.

Excise Tax

A specific tax levied on certain goods, services, or transactions, often included in the price of products like alcohol, tobacco, and fuel.

Upward-Sloping

A market scenario where the quantity supplied by producers increases as the price of the good increases, illustrating the direct relationship between price and supply.