Liam thinks that commercial property taxes should be raised to help fund public education. May argues that raising commercial property taxes would hurt small mom and pop shops, because landlords would simply pass the tax onto their tenants. Liam argues that if they tried to do that, rents would fall by an equal amount to compensate. May thinks that the supply curve of commercial property is very and Liam thinks that it is very a)elastic, elastic b)elastic, inelastic c)inelastic, elastic d)inelastic, inelastic

Liam thinks that commercial property taxes should be raised to help fund public education. May argues that raising commercial property taxes would hurt small mom and pop shops, because landlords would simply pass the tax onto their tenants. Liam argues that if they tried to do that, rents would fall by an equal amount to compensate. May thinks that the supply curve of commercial property is very and Liam thinks that it is very a)elastic, elastic b)elastic, inelastic c)inelastic, elastic d)inelastic, inelastic

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter18: Pricing The Factors Of Production

Section: Chapter Questions

Problem 4TY

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