Inelastic Supply Tax
July 26, 2024
The supply of land is perfectly inelastic. Suppose a tax on the value of land (not counting the value of what is built on the land) is imposed. Evaluate the claim that In a market where the supply curve is perfectly inelastic, how does an excise tax affect the price paid by consumers and the quantity bought and sold? - Quora Tax incidence - Economics Help Inelastic Supply Tax
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