Under an upward sloping supply curve for land, the economic rents to land ________ as the demand for land shifts rightward
A) decrease
B) increase
C) remain the same
D) We do not have enough information to answer this question.
B
Economics
You might also like to view...
The European Union crisis was caused by:
a. Too little state spending b. The fact that all EU members are on the euro c. industrial planning d. excessive government spending by weak economies e. all of the above
Economics
Refer to the information provided in Figure 6.1 below to answer the question(s) that follow.
Figure 6.1Refer to Figure 6.1. The slope of budget constraint AC is
A. -5.0. B. -2.0. C. -0.5. D. indeterminate from this information because prices are not given.
Economics