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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 16
The possibility of earning economic rent is great if ___.
A) the supply of a factor is very high relative to demand
B) the demand for a factor is very high relative to supply
C) both demand for a factor and supply of a factor are high
D) both demand for a factor and supply of a factor are low
A) the supply of a factor is very high relative to demand
B) the demand for a factor is very high relative to supply
C) both demand for a factor and supply of a factor are high
D) both demand for a factor and supply of a factor are low
Explanation
Verified
Verified
Hence, the options a), c) and d) are inc...
Microeconomics 9th Edition by Stephen Slavin
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