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wrote...
Posts: 176
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A month ago



Refer to Figure 6.8. Suppose that your city imposes a tax of $100 per apartment and the supply curve is a vertical line at Q=10,000. Then:

▸ landlords pay the whole amount of the tax.

▸ consumers pay the whole amount of the tax.

▸ consumers and landlords split the tax.

▸ There is not sufficient information.
Textbook 
Survey of Economics: Principles, Applications and Tools
Edition: 6th
Authors:
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wrote...
Posts: 271
A month ago
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landlords pay the whole amount of the tax.
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wrote...
A month ago
Appreciate the effort, thank you!
wrote...
A month ago
You're very welcome ... please mark the topic solved when you get a chance
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