MCQOPTIONS
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MCQOPTIONS
| 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. | |