Refer to Figure 6.8. If your city imposes a tax of $100 per apartment:

A. consumers take the entire burden of the tax.
B. landlords take the entire burden of the tax.
C. consumers pay $60 and landlords pay $40 tax per apartment.
D. consumers pay $40 and landlords pay $60 tax per apartment.


Answer: C

Economics

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Explain how the prices of goods and services used in the CPI differ from the prices reflected by GDP deflator

Economics

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Economics

Which statement is FALSE?

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Economics