This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Jump to Navigation Frame Your location: Assessments › View All Submissions › View Attempt View Attempt 1 of unlimited Title: Assignment 5 DUE OCT 23 Started: October 23, 2009 2:20 AM Submitted: October 23, 2009 2:15 PM Time spent: 11:55:16 Total score: 20/20 = 100% Total score adjusted by 0.0 Maximum possible score: 20 1. The quantity supplied of land is constant regardless of price. Suppose a tax is imposed on land. Who will pay the greater share of such a tax? Student Response Value Correct Answer Feedback 1. The buyers will pay the entire share. 2. The sellers will pay the entire share. 100% 3. The buyers and the sellers will pay equal shares. 4. There is not enough information to answer the question. Score: 1/1 Comments: 2. Suppose the demand for a particular good is perfectly inelastic and the government decides to impose a tax on the production of this good. Who will pay the greater share of such a tax?...
View Full Document
This note was uploaded on 03/13/2011 for the course ECON 1B03 taught by Professor Hannahholmes during the Spring '08 term at McMaster University.
- Spring '08