Because the supply of land is perfectly inelastic,when governments tax land,the tax
A) creates a deadweight loss because the supply is fixed.
B) decreases both the demand for and the supply of land.
C) creates no deadweight loss because the equilibrium quantity is the same as without the tax.
D) increases the supply of land because the landlord pays all of the tax.
E) decreases the supply of land because the landlord pays all of the tax.
Correct Answer:
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Q137: If the supply of capital is perfectly
Q138: Q139: Q140: Q141: If the Social Security tax imposed on Q143: In 2010,Social Security taxes of over 11 Q144: When governments tax capital income,the equilibrium quantity Q145: Suppose the supply of labor is more Q146: A tax on labor income Q147: Suppose the government increases the Social Security Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A) increases the