Explain and illustrate graphically how imposition of excise tax on a commodity affects its price and production. The entire excise tax is intended to be borne by the buyers. But do the buyers bear the...

Explain and illustrate graphically how imposition of excise tax on a commodity affects its price and production. The entire excise tax is intended to be borne by the buyers. But do the buyers bear the entire excise tax in reality? If not, why? Illustrate your answer.