If the supply of real estate is not perfectly inelastic, then the local real estate property tax differentials:
A) cannot be shifted to tenants.
B) can be shifted to tenants through increases in rents.
C) will be fully capitalized.
D) both (a) and (c) are correct.
Correct Answer:
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Q16: The local property tax, as administered in
Q17: A tax on the value of land
Q18: If a real estate tax causes rents
Q19: Wealth is a flow.
Q20: If a local property tax increase is
Q22: Intangible personal property includes:
A)stock in companies.
B)corporate bonds.
C)cash.
D)all
Q23: If the annual amount of savings is
Q24: If the interest elasticity of supply of
Q25: Taxes on wealth are favored by those
Q26: A local property tax, such as that
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