The discovery of natural gas in the American Midwest should lead to an increase in the price of land because of a decrease in the supply of land.

Question

Quizplus · Accepted Answer

The discovery of natural gas in the American Midwest could increase the value of land due to the potential for extraction and profit, but it does not decrease the supply of land itself. The supply of land remains constant; its value or use may change.

The Discovery of Natural Gas in the American Midwest Should