3 ms·
All of the landlords must pay the tax. This means a constant displacement of the supply curve from the untaxed state. The demand curve is unchanged. The new equ
by abecedarius 10y ago
All of the landlords must pay the tax. This means a constant displacement of the supply curve from the untaxed state. The demand curve is unchanged. The new equilibrium depends on elasticity, but I'd be surprised if it doesn't end up with most of the cost passed on to the renter.