Because the supply of land is perfectly elastic,the deadweight loss of a tax on land is very large.

Name: Because the supply of land is perfectly elastic,the deadweight loss of a tax on land is very large.
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Quizplus · Accepted Answer

The supply of land is perfectly inelastic, not elastic, meaning it does not change with price. Therefore, a tax on land does not create a deadweight loss because the quantity of land remains constant.

Because the Supply of Land Is Perfectly Elastic,the Deadweight Loss