If a new shopping mall is built on the outskirts of a town, we can expect
A) location rent on commercially developed, downtown land to be unaffected
B) lands near the new mall to receive location rent
C) commercially developed, downtown land rent to rise because competition for downtown lands will have weakened
D) lands near the new mall to receive zero location rent
E) location rent for commercially developed, downtown land to increase
Correct Answer:
Verified
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