Read the following information carefully and answer the question which follows.
Read the following paragraph and answer the question which follows
Tenants’ associations have demanded a ‘vacancy tax’ on all vacant and unsold flats in Mumbai.
Which of the following would support the demand made by the tenants’ association ?
Levy of vacancy tax would discourage people from hoarding property making them to sell or rent it. This would naturally cause the prices of property to fall.
Hence, option E is correct option.
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