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unicorngirl13 unicorngirl13
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4 years 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

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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blazeypoohblazeypooh
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4 years ago
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unicorngirl13 Author
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#2
4 years ago
Appreciate the effort, thank you!
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