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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Definitions:

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Equal Employment Policy

policies that ensure job opportunities, promotions, and workplace equality without discrimination on various bases, including race, gender, and age.

Specified Number Of Minority Employees

Targets or quotas set within a hiring process or organizational policy to ensure a certain number of positions are filled by individuals from minority groups.

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