Because the Supply of Land Is Perfectly Inelastic,when Governments Tax

question 132

Multiple Choice

Because the supply of land is perfectly inelastic,when governments tax land,the tax

• A) creates a deadweight loss because the supply is fixed.
• B) decreases both the demand for and the supply of land.
• C) creates no deadweight loss because the equilibrium quantity is the same as without the tax.
• D) increases the supply of land because the landlord pays all of the tax.
• E) decreases the supply of land because the landlord pays all of the tax.

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