A tax on unimproved land falls entirely on landowners, because the supply of land is perfectly inelastic.

Name: A tax on unimproved land falls entirely on landowners, because the supply of land is perfectly inelastic.
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A tax on unimproved land falls entirely on landowners because the supply of land is perfectly inelastic, meaning that land cannot be created or destroyed. Therefore, the burden of the tax cannot be shifted onto anyone else and the full amount of the tax is borne by the landowner.

A Tax on Unimproved Land Falls Entirely on Landowners, Because