Question
The quantity supplied of land is constant regardless of price. Suppose a tax of 10% is placed on the rental price of land. a) What
The quantity supplied of land is constant regardless of price. Suppose a tax of 10% is placed on the
rental price of land.
a) What portion of tax will buyers pay?
b) What portion of tax will sellers pay?
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
