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Mr. Powell owns a residential apartment complex in a suburban area. This year, the local jurisdiction increased the property tax rate on the apartment complex.

Mr. Powell owns a residential apartment complex in a suburban area. This year, the local jurisdiction increased the property tax rate on the apartment complex. To offset this additional cost, Mr. Powell decreased the amount he usually spends on maintaining the exterior of the building and the landscaping. Who bears the incidence of the increased property tax

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