Changes in market rents are mainly determined by changes in
A) the demand for the fixed factors.
B) the elasticity of supply.
C) the supply of fixed factors.
D) the intensity of production on the land.
Correct Answer:
Verified
Q144: Marginal land is land on the borderline
Q145: If the demand for land shifts upward,
Q146: Economic rents are earned whenever
A)demand for a
Q147: All the land in a California valley
Q148: The equilibrium rent for marginal land
A)equals zero.
B)depends
Q150: Suppose that nineteenth-century politicians had succeeded in
Q151: A landlord will supply his or her
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents