Under an infinitely inelastic supply of land, the economic rents to land ________ if the price of land doubles

In the case of a specific tax, tax incidence is independent of who pays

A) only when supply and demand elasticities are not constant. B) only when the tax is collected from consumers. C) in most but not all cases. D) in all cases.

With an increase in income, the consumer will maximize utility on a new indifference curve that represents a higher level of utility

a. True b. False Indicate whether the statement is true or false