If the demand for a product is perfectly inelastic and the supply curve is upward sloping the imposition of a 1 excise tax per unit of output will?

If the demand for a product is perfectly inelastic, consumers will continue to buy the same quantity regardless of price changes. When a $1 excise tax is imposed, the entire burden of the tax falls on consumers, leading to an increase in the price they pay by $1. The quantity sold remains unchanged, as consumers are unwilling to reduce their consumption despite the price increase. Consequently, the tax revenue is fully captured by the government without affecting the quantity of the product sold.