Given that the supply of undeveloped land is fairly inelastic, what outcome would result from imposing a tax on such land?

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A minimal efficiency loss with the tax burden primarily on tenantsA significant efficiency loss with landlords bearing the tax costA significant efficiency loss with tenants carrying the tax burdenA minimal efficiency loss with landlords shouldering the tax responsibilityA substantial efficiency loss with both landlords and tenants equally affected

Explanation

Because the supply of undeveloped land does not respond much to price changes (inelastic), taxing it causes only a small deadweight loss. Consequently, the tax burden falls mainly on the landlords, who own the land.