Assume that the supply curve for undeveloped land is relatively inelastic. A tax levied on undeveloped land will fall equally on the buyers and sellers of the land. fall mostly on the sellers and only somewhat on the buyers. fall only on the sellers of the land. fall only on the buyers of the land. f

Assume that the supply curve for undeveloped land is relatively inelastic. A tax levied on undeveloped land will fall equally on the buyers and sellers of the land. fall mostly on the sellers and only somewhat on the buyers. fall only on the sellers of the land. fall only on the buyers of the land. f

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Assume that the supply curve for undeveloped land is relatively inelastic. A tax levied on
undeveloped land will
fall equally on the buyers and sellers of the land.
fall mostly on the sellers and only somewhat on the buyers.
O fall only on the sellers of the land.
O fall only on the buyer of the land.
O fall mostly on the buyers and only somewhat on the sellers.

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