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Refer to the Diagram

Question 62

Multiple Choice

Refer to the diagram. If demand is D ₂, a tax of $ X per acre will A) encourage the substitution of land for other productive resources. B) lower the cost of land to individual farmers. C) reduce the demand for land to, say, D₃ or D₄. D) not affect the quantity of land available to society. Refer to the diagram. If demand is D ₂, a tax of $ X per acre will


A) encourage the substitution of land for other productive resources.
B) lower the cost of land to individual farmers.
C) reduce the demand for land to, say, D₃ or D₄.
D) not affect the quantity of land available to society.

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