Suppose the market rate of interest is 5%.The local government imposes a tax of $40 per acre on all land located within city limits.The year after the tax is imposed,Val sells an acre of land on which she had planned to build a house.How much was Val's share of the economic burden of the tax?

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The Answer of Suppose the market rate of interest is 5%.The local government imposes a tax of $40 per acre on all land located within city limits.The year after the tax is imposed,Val sells an acre of land on which she had planned to build a house.How much was Val's share of the economic burden of the tax?

Suppose the Market Rate of Interest Is 5