Since the Supply of Undeveloped Land Is Relatively Inelastic, a Tax

Multiple Choice

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.
B) a large deadweight loss and the burden of the tax would fall on the landlord.
C) a large deadweight loss and the burden of the tax would fall on the renter.
D) a small deadweight loss and the burden of the tax would fall on the landlord.