What will be effect of tax on prices of residential houses

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Question: Suppose a local government decides to increase the tax rate on residential properties under its jurisdiction. What will be the effect of this on the prices of residential houses? Follow the eight-step procedure discussed in the text to answer this question. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132171579

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