MCQOPTIONS
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				| 1. | 
                                    Since the supply of undeveloped land is relatively inelastic a tax on undeveloped land would generate ? | 
                            
| A. | a small deadweight loss and the burden of the tax would fall on the renter | 
| B. | a large deadweight loss and the burden of the tax would fall on the landlora | 
| C. | a large deadweight loss and the burden of the tax would fall on the renter. | 
| D. | a small deadweight loss and the burden of the tax would fall on the landlord | 
| Answer» E. | |