The graph below shows a hypothetical market for salt. Suppose that an excise or commodity tax...

 

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The graph below shows a hypothetical market for salt. Suppose that an excise or commodity tax is levied on consumers in an attempt to curb blood pressure problems. Show the effect of the tax by shifting the appropriate curve(s). Who has the larger tax burden? Producers (suppliers) Consumers (buyers) The tax burdens are equal Why is the tax burden as you described in in the question above? Supply is less elastic than demand. Supply Demand is more elastic than supply. Both supply and demand are perfectly elastic. Demand is less elastic than supply. Demand Consumers are the ones paying the tax. Quantity of salt (kilograms) 000 The graph below shows a hypothetical market for salt. Suppose that an excise or commodity tax is levied on consumers in an attempt to curb blood pressure problems. Show the effect of the tax by shifting the appropriate curve(s). Who has the larger tax burden? Producers (suppliers) Consumers (buyers) The tax burdens are equal Why is the tax burden as you described in in the question above? Supply is less elastic than demand. Supply Demand is more elastic than supply. Both supply and demand are perfectly elastic. Demand is less elastic than supply. Demand Consumers are the ones paying the tax. Quantity of salt (kilograms) 000