In the market for land,an increase in demand ________ the equilibrium rent of land and ________ the equilibrium quantity.

Name: In the market for land,an increase in demand ________ the equilibrium rent of land and ________ the equilibrium quantity.
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An increase in demand for land raises the equilibrium rent due to higher competition for the same amount of land, but does not change the equilibrium quantity because the supply of land is fixed and cannot increase in response to demand.

In the Market for Land,an Increase in Demand ________ the Equilibrium