1.2. Demonstrate graphically how the price of land is determined. (LO17W-1) a. Show the effect of a...

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1.2. Demonstrate graphically how the price of land is determined. (LO17W-1)

a. Show the effect of a tax on that land.

b. Explain why that tax won’t cause the price of land to rise.

c. Based on this analysis, would you support more extensive use of land and property taxes in the United States? Why?

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Economics

ISBN: 9781259193156

10th Edition

Authors: David Colander

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