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Loraine Loraine
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8 years ago
The supply of sand is perfectly inelastic and the demand curve for sand is downward sloping. Hence, if a tax on sand is imposed,
A) sand buyers pay the entire tax.
B) sand sellers pay the entire tax.
C) the tax is split evenly between the buyers and sellers.
D) the government pays the entire tax.
E) the government collects no tax revenue because the supply is perfectly inelastic.
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Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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Loraine Author
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8 years ago
Correct Slight Smile TY
2ne1_12345
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This calls for a celebration Person Raising Both Hands in Celebration
tcat
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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