14. Suppose the supply of unimproved land is relatively inelastic. A tax on unimproved land would generate
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14. Suppose the supply of unimproved land is relatively inelastic. A tax on unimproved land would generate a
a. large deadweight loss and the burden of the tax would fall on the renter.
b. small deadweight loss and the burden of the tax would fall on the renter.
c. large deadweight loss and the burden of the tax would fall on the landlord.
d. small deadweight loss and the burden of the tax would fall on the landlord.
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Related Book For
Study Guide For N. Gregory Mankiw's Principles Of Microeconomics
ISBN: 9783030019983
5th Edition
Authors: David R. Hakes
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