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Author Question: Suppose the elasticity of supply of land is 0 and elasticity of demand is 2. If the government ... (Read 50 times)

bobypop

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on: May 24, 2019
Suppose the elasticity of supply of land is 0 and elasticity of demand is 2. If the government imposes a 10 percent tax on land, then
◦ buyers and sellers each pay 5 percent of the tax.
◦ buyers pay all of the tax.
◦ sellers pay all of the tax.
◦ sellers pay a smaller share of the tax than do buyers but both buyers and sellers pay some of the tax.
◦ buyers pay 1/2 of the tax.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by bobypop on May 24, 2019

Perkypinki

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobypop

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

nanny

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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