Suppose That the Municipal Government of Calgary Decides to Tax

Suppose that the municipal government of Calgary decides to tax economic rent on a highly sought- after piece of land.The result would be

A) little or no effect on the supply of the land.
B) an increase in the supply of the land.
C) a rise in the price of land.
D) a shift of the entire tax onto the consumer.
E) a reduction in the supply of land.