Calvin Johnson rents an apartment in Detroit from his landlord Miguel Cabrera. Detroit, which has recently experienced significant population declines and has a large number of vacant or unoccupied homes, is facing significant fiscal challenges following The Great Recession. As a result, the city has decided to raise property taxes. Will Calvin Johnson or Miguel Cabrera bear more of the burden of these increases in taxes?

Calvin Johnson, because the unoccupied homes mean demand is price inelastic.

Miguel Cabrera, because the unoccupied homes mean demand is price elastic.

Miguel Cabrera, because the fiscal challenges mean supply is price inelastic.

Calvin Johnson, because the Detroit Lions went 0-16 in 2008.

Answer rating: 100% (QA)

Calvin Johnson would bear more of the burden of the increases in property taxes This is becau... View the full answer