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You are asked to estimate the willingness to pay to improve drinking water quality of a mid-sized community. You design a contingent valuation study and

  1. You are asked to estimate the willingness to pay to improve drinking water quality of a mid-sized community. You design a contingent valuation study and determine that the most appropriate payment vehicle is a property tax increase.
    1. Why is a property tax an appropriate payment vehicle?

  1. Explain one issue that you anticipate with responses due to the chosen payment vehicle.

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