How does the value of land change when interest rates increase?
It varies inversely with interest rates. This is because an interest rate increase means that the same fixed
annual return can be generated from a smaller investment. This investment is the value of the land.
Economics
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Explain how the market for opticians is affected as a result of the development of laser technology which reduces the demand for glasses and contact lenses
In your explanation be sure to show the connection between the market for glasses and contact lenses and the market for opticians.
Economics
If both the market for a firm's output and the market in which it hires its labor are perfectly competitive, the firm's labor demand curve will be perfectly elastic
a. True b. False
Economics