If property taxes were increased in a city, what would be the most likely effect on residential rent

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If property taxes were increased in a city, what would be the most likely effect on residential rent

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.

Textbook

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

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Sublight2097 Author

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9 years ago

Seriously, you've been tremendously helpful! Thank you.

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