An increase in rent will ordinarily lead to
A)an increase in usage of land that was formerly idle.
B)a decrease in total land employed.
C)less-intensive usage of land.
D)a decrease in the income of landlords.

Question

Quizplus · Accepted Answer

An increase in rent typically incentivizes landlords to maximize the use of their land, including bringing previously idle land into use, to capitalize on higher rental income. This is because higher rents can make it more economically viable to develop or utilize land that was not previously considered profitable.

An Increase in Rent Will Ordinarily Lead to