4. If the government levied a luxury tax on homes with more than 2,500 square feet of space, what is
most likely to happen?
A. Such homes would be bought and sold in the underground economy.
B. Local property taxes on those homes would drop to keep demand high.
C. Construction of those homes would not decrease because supply is inelastic.
D. more resources would be allocated to the building of 2,400-square-foot homes.

Answers

Answer 1

Answer:

The correct answer is D. If the government levied a luxury tax on homes with more than 2,500 square feet of space, more resources would be allocated to the building of 2,400-square-foot homes.

Explanation:

If the government were to increase taxes on buildings over 2,500 square feet, the demand for these buildings would most likely drop drastically, since this tax would mean a higher monthly maintenance cost for homeowners.

Therefore, this drop in demand would also cause supply to decline, since it would be uneconomical for builders to carry out projects of this type. Therefore, most of the supply would be allocated around buildings of less than 2,400 square feet of surface.


Related Questions

which of the following was not a contribution made by georgia during WW1
a. boat building
b. textile industry for clothing
c. millitary training
d. victory gardens​

Answers

Answer:

the answer would be A

Explanation:

military installations that trained soldiers and held prisoners

textile mills produced cloth for military uniforms

thousands of Georgia citizens joined the U.S. armed forces

railroads and ports transported supplies and soldiers to Europe

civilians grew their own crops in "victory gardens" so more food could be exported to Europe

what is mars ................................................

Answers

Answer:

Mars is the fourth planet from the sun and the next planet beyond earth ....mars is named for the ancient Roman god war.

Explanation:

Hopes this helps:))))

b) Discuss the problems that might make it difficult to
rule Russia.
(2x​

Answers

Answer:

The problems faced while ruling Russia

Explanation:

There were many difficulties to rule Russia because of the weak economy and government. Russia had poor trade and industrial works. Russia's industries were few in numbers and the industrial workers exploited extremely. Agriculture largely belonged to rich peasants, where serfs exploited and bound to their master's land. Increasing peasant disturbances and worker injustice let them conduct frequent trikes against the Tsarist Regime. Tsar Nicholas II was not able to rule Russia properly as he lacked the confidence and assertiveness of a ruler like his father.

The faith adopted by Prince Vladimir of Russia waa

Answers

Answer:

One of his emissaries traveled to Constantinople and returned to Vladimir to report that the religion of the Byzantine Empire was inspiring. As a result, the prince chose the Byzantine faith of Orthodox Christianity as the faith to bring his country of turmoil into harmony.

Explanation:

kennedy's new frontier referred to

Answers

Answer:

administration's domestic

Explanation:

administration's domestic


What inference can be made from this excerpt about the enforcement of Executive Order
9066?

Answers

Answer: Japanese Americans were given very little time to take care of their personal possessions

Explanation:

A. Spain I got it right on the test

Answers

Answer:

Nice job!

Explanation:

Plz give brainliest!

What idea popularized during the American Revolution, led enslaved Africans, as well as others,
to fight against slavery in the colonies?

Answers

Answer:

d

Explanation:

da

Answer:

The British guaranteed enslaved African-Americans that they would be liberated if they fought on the side of the British during the Revolution.

Explanation:

During the American Revolution, why did many African-Americans who were enslaved fight for the British and against the colonists?

As far as urban versus rural, how would you characterize the 1920 population of the South Central region, which includes Arkansas, Louisiana, Oklahoma, Texas, Kentucky, Tennessee, Alabama, and Mississippi?

Answers

Answer:

Mostly rural other than the cities of Dallas, Houston, New Orleans, San Antonio, Austin, Memphis, Nashville, OKC, Tuscaloosa, Lexington, Little Rock, Louisville, Biloxi, etc.

Explanation:

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