(Figure: Commodity Tax with Elastic Demand) According to the Figure

question 100

Multiple Choice

(Figure: Commodity Tax with Elastic Demand) According to the figure, who bears the greater burden of a commodity tax? Figure: Commodity Tax with Elastic Demand

• A) The buyer will bear the greater burden of the tax.
• B) The seller will bear the greater burden of the tax.
• C) The buyer and the seller will split the tax burden equally.
• D) The government will bear the full burden of the tax.

---

Definitions:

Illegal Aliens

Individuals who reside in a country without the legal permission of the government, also referred to as undocumented immigrants.

Undocumented Workers

Individuals working in another country without the legal authorization or documentation required by that country.

Emigration

The act of leaving one's country to settle in another, often for reasons such as seeking better economic opportunities or escaping unfavorable conditions.

Low-wage Nation

A country where the general level of wage rates is significantly lower than that in developed countries, often linked to different economic or living cost standards.