Question: c. Suppose community j deviates from the national average by setting a local property tax rate of only tj 5 0.03. What will be the

c. Suppose community j deviates from the national average by setting a local property tax rate of only tj 5 0.03. What will be the rental rate received by housing capital suppliers, and what will be the rental rate paid by renters of housing capital in community j?

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