If property taxes were increased in a city, what would be the most likely effect on residential rents after two or three months? They would probably
A) fall.
B) rise in proportion to taxes.
C) rise more than in proportion to taxes.
D) stay roughly unchanged.
D
Economics
You might also like to view...
A change in the price of a good has two effects on the quantity consumed. What are these effects?
A) the income effect and the substitution effect B) the consumption effect and expenditure effect C) the total utility effect and marginal utility effect D) the utility effect and the budget effect
Economics
A system in which anyone collecting antipoverty program benefits must accept a government-provided job is called
Economics