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The Quantity Supplied of Land Is Constant Regardless of Price

Question 71

Multiple Choice

The quantity supplied of land is constant regardless of price. Suppose a tax is imposed on the rental price of land. Who will pay the greater share of such a tax?


A) The buyers will pay the entire share.
B) The sellers will pay the entire share.
C) The buyers and the sellers will pay equal shares.
D) The buyers will bear the greater share of the tax.

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