If an annual tax of $560 per acre is levied on land,then land values will fall by $560 per acre.

Name: If an annual tax of $560 per acre is levied on land,then land values will fall by $560 per acre.
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Quizplus · Accepted Answer

The impact of a tax on land values depends on various factors including the elasticity of supply and demand, the use of the land, and future expectations. A tax might reduce land values, but not necessarily by the exact amount of the tax, as the market adjusts to new conditions.

If an Annual Tax of $560 Per Acre Is Levied