Multiple Choice
The marginal revenue product (MRP) of land declines as more land is brought into use. As a result, the
A) demand curve for land is downsloping.
B) demand curve for land is upsloping.
C) supply curve for land is downsloping.
D) supply curve for land is upsloping.
Correct Answer:
Verified
Related Questions
Q88: Which of the following factors is not
Q89: The demand for land is
A)perfectly elastic.
B)perfectly inelastic.
C)upsloping.
D)downsloping.
Q90: ![]()