Assignment 5 - Yourlocation: Title Assignment5DUEOCT23...

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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? 
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