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Economics
MEDIUM
ENGLISH
Economics
Since the supply of undeveloped land is relatively inelastic a tax on undeveloped land would generate ?
A
a small deadweight loss and the burden of the tax would fall on the renter
Option A
B
a large deadweight loss and the burden of the tax would fall on the landlora
Option B
C
a large deadweight loss and the burden of the tax would fall on the renter.
Option C
a small deadweight loss and the burden of the tax would fall on the landlord
Correct answer
Correct answer: D
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