Suppose the City of Bakersfield has a tax on new housing. The tax is a one-time...

  
 
 

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Suppose the City of Bakersfield has a tax on new housing. The tax is a one-time tax paid by the person first occupying a newly constructed house. Tax revenues go into the city's general fund, where they are used to provide services unrelated to residential housing. Who bears the cost of this tax? Select one: O a The new homeowners who pay the tax to the city. b. The developers who built the houses. OC The landowners who sold their land to the developers. O d. Nobody. "A price ceiling on the petroleum used to make gasoline will reduce the price of gasoline." Agree or disagree and give your reasoning. A- BI II II "The surest way to eliminate a shortage is to allow prices to freely fluctuate." Agree or disagree and give your reasoning. A- BI In a public park a peach tree yields excellent peaches, which may be picked by the public. When will the peaches be picked? (A one sentence answer is sufficient to answer this question.) Suppose the City of Bakersfield has a tax on new housing. The tax is a one-time tax paid by the person first occupying a newly constructed house. Tax revenues go into the city's general fund, where they are used to provide services unrelated to residential housing. Who bears the cost of this tax? Select one: O a The new homeowners who pay the tax to the city. b. The developers who built the houses. OC The landowners who sold their land to the developers. O d. Nobody. "A price ceiling on the petroleum used to make gasoline will reduce the price of gasoline." Agree or disagree and give your reasoning. A- BI II II "The surest way to eliminate a shortage is to allow prices to freely fluctuate." Agree or disagree and give your reasoning. A- BI In a public park a peach tree yields excellent peaches, which may be picked by the public. When will the peaches be picked? (A one sentence answer is sufficient to answer this question.)

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