The difference in land prices between Washington, D.C., and Tulsa, Oklahoma, is an example of a permanent resource price differential.

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A permanent resource price differential refers to a consistent and enduring difference in the prices of natural resources, such as land or minerals, between two or more regions. The price differential between Washington, D.C., and Tulsa, Oklahoma, for example, is likely to be enduring due to differences in population density, economic activity, and other geographic factors that affect demand for land.

The Difference in Land Prices Between Washington, D