Mr.Calhoun owned a worn-out piece of farmland for growing cotton, which he had been unable to rent for years.Suddenly he was getting offers from cotton farmers to lease his land.What is the most likely explanation of this?
A) The price of cotton went down.
B) The physical productivity of the land went up.
C) Taxes on land went up.
D) The price of cotton went up.
Correct Answer:
Verified
Q83: Figure 19-2 Q84: The derived demand for an input decreases Q85: Which of the following is an example Q86: Marginal physical product is Q87: If the demand for softballs increases, one Q89: An employer would never operate on the Q90: Under the marginal productivity principle, Q91: Demand for labor is Q92: Which of the following is not true Q93: Which of the following is not held
A)the increase in input
A)the marginal economic
A)derived demand.
B)highly elastic.
C)dependent on
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