Select the correct statement regarding commodity (or excise) taxes. the reduction in consumer and producer surplus associated with a commodity tax is equivalent to the tax revenue collected. the burden of a tax is unrelated to who actually pays money to the government. regardless of who writes a check to the government, the burden of commodity taxes is shared equally by buyers and sellers. from the perspective of buyers, taxes imposed on firms are preferable to taxes imposed on buyers, because firms ultimately pay a larger share of these types of taxes. select the correct statement regarding tax wedges. tax wedges are smaller when commodity taxes are imposed on buyers. the size of the tax wedge is unrelated to elasticity. tax wedges are larger when commodity taxes are imposed on buyers. tax wedges are larger when supply is more inelastic than demand. tax wedges are larger when demand is more inelastic than supply.
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