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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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