Sid moves from New York City, where he lived in a small condominium, to rural Minnesota, where

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Sid moves from New York City, where he lived in a small condominium, to rural Minnesota, where he buys a big house on five acres of land. Using the law of demand, what do you think is true of land prices in New York City relative to those in rural Minnesota?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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