Multiple Choice
Prices in stores and restaurants in Tokyo are high because
A) land rents are high in Tokyo.
B) the supply of land is high in Tokyo.
C) the demand for living, visiting, and shopping in Tokyo is high.
D) a and b
E) all of the above
Correct Answer:
Verified
Related Questions
Q133: Exhibit 29-3 Q134: Pure economic rent exists only when Q135: Bill Brown commands $2 million a year Q136: The supply curve for land will be
A)opportunity costs
