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Impact of land tax on price of land. Multiple choice question.
Impact of land tax on price of land. Multiple choice question.
The full question is in a word file attached. U7Q10TT
U7Q10 TT.
Suppose that the current market rate of interest is 10 percent. The market rent on a parcel of land is $6,000 per year. A 10 percent land tax is imposed. As a result of the tax, the price of the land parcel:
falls from 60,000 to $30,000
increases from $30,000 to $60,000
falls 10 percent
falls 20 percent
The full question is in a word file attached. U7Q10TT
U7Q10 TT.
Suppose that the current market rate of interest is 10 percent. The market rent on a parcel of land is $6,000 per year. A 10 percent land tax is imposed. As a result of the tax, the price of the land parcel:
falls from 60,000 to $30,000
increases from $30,000 to $60,000
falls 10 percent
falls 20 percent
U7Q10 TT.
Suppose that the current market rate of interest is 10 percent. The market rent on a parcel of land is $6,000 per year. A 10 percent land tax is imposed. As a result of the tax, the price of the land parcel:
falls from 60,000 to $30,000
increases from $30,000 to $60,000
falls 10 percent
falls 20 percent
Attachments:
U7Q10 TT.
Suppose that the current market rate of interest is 10 percent. The market rent on a parcel of land is $6,000 per year. A 10 percent land tax is imposed. As a result of the tax, the price of the land parcel:
falls from 60,000 to $30,000
increases from $30,000 to $60,000
falls 10 percent
falls 20 percent
Attachments:
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