Comment by kiba
There are taxes on things which generally don't have this kind of effect on supply such as land, because land is an inelastic supply because it cannot be destroyed.
However if the tax is too high then it would cause land abandonment.
There are taxes on things which generally don't have this kind of effect on supply such as land, because land is an inelastic supply because it cannot be destroyed.
However if the tax is too high then it would cause land abandonment.