Multiple Choice
The elasticity of supply of land is zero.A tax on land results only in an income effect to landlords.It then follows that a 10 percent tax on land rents will:
A) have a positive excess burden.
B) be paid entirely by landlords.
C) have zero excess burden.
D) both (b) and (c) are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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