Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q93: When a Social Security tax is imposed
Q94: What are the similarities and differences between
Q95: If taxes are collected on the basis
Q96: The argument that those who use the
Q97: The buyer will pay the entire tax
Q99: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q100: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The demand for
Q101: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above
Q102: Cigarettes are highly addictive and therefore have
Q103: The assertion that Bill Gates and Paris