When the demand for a plot of land rises, ________. a) its supply will fall b) its

Question:

When the demand for a plot of land rises, ________.

a) its supply will fall

b) its supply will rise

c) its price will fall

d) its price will rise

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Mar 01, 2024 11:00 PM

See More Questions

Multiple Choice Questions: 1. Monopsony power will not be reduced, a. The lower are search costs. b. The lower are movement costs. c. The more potential employers there are in an area. d. By any of...
For each of the following shifts in the demand curve and associated price change of a complement or substitute item, explain whether the price of the complement or substitute must have increased or a...
1. At the current price there is a shortage of a protract. We would expect price to: (a) Increase, quantity demanded to increase, and quantity supplied to decrease (b) Increase, quantity demanded to...
What are the explanations given for slow progress towards full acceptance of ISAs?
Compare party and party costs to solicitor and client costs. To whom are these costs generally awarded?
Redraw Fig. 2-2 adding two new states: New and Terminated. When a process is created, it is initially in the New state. When it exits, it is in the Terminated state. Blocked Running 2 Ready 1....
Suppose the payoff of the market portfolio w m has k possible values. Denote these possible values by a1 < < ak. For convenience, suppose ai ai1 is the same number for each i. Suppose there is a...
Consider the following data: (a) Calculate the Solow residual for each year from 1995 to 2007. (b) Calculate percentage rates of growth in output, capital, employment, and total factor productivity...
The hs public debt is held as
The supply of land is _______. a) perfectly elastic b) perfectly inelastic c) relatively elastic d) variable in elasticity
The rent on a particular piece of land is based on ________. a) the supply of land b) the buildings located on that land c) the MRP schedule of the highest bidder d) the MRP schedule of the lowest...
Michael Ewing is auditing the financial statements of Dallas Company for the year ended December 31, 2023. In concluding the process of gathering sufficient appropriate evidence, Ewing has asked to...
Avery, an unmarried taxpayer, had the following income items: Salary Net income from a rental house 3 7 , 0 5 0 4 , 9 0 0 Avery has a 4 - year - old child who attends a child care center. Assume the...
California Lottery Let A denote the event of placing a $1 straight bet on the California Daily 4 lottery and winning. There are 10,000 different ways that you can select the four digits (with...
"Tamara Wiley glanced in the mirror before leaving her apartment and heading to her 8 a.m. class. She was having a bad hair day, so she had thrown on a scarf. Her quick check in the mirror told her...
Online Friends In a Pew Research Center survey of 1060 teens aged 13 to 17, it was found that 604 (or 57.0%) of those respondents have made new friends online. If the true rate is 50%, there is a...
Dr. Yong has requested that Senture Houston, an office manager at Pain Free Dental Associates, prepare a single journal entry for December 31, 2022. The bank statement for that day shows $9,500....
Explain why resources are used efficiently in a competitive market.
In Problems 718, write the augmented matrix of the given system of equations. f0.01x0.03y = 0.06 [0.13x + 0.10y = 0.20
In the early days of People Express the top management team at the airline was personally involved in the training and selection of employees. This participation was key to instilling spirit and...
A fellow student states that it is best to stop studying once you reach the point of diminishing returns with regard to the number of hours spent studying. Assess the validity of her statement.
No Pain No Gain (NPNG), Inc., is a dental practice advocating a natural approach to dentistry. Namely, NPNG specializes in providing root canal operations without the administration of pain-killing...
*please calculate irr in excel
Which of the following would not be a period cost? Research and development Direct materials Office supplies Advertising costs
\ table [ [ Activity Cost Pool,Activity Measure,Total Cost,Total Activity ] , [ Machining , Machine - hours,$ 3 3 0 , 0 0 0 , 1 5 , 0 0 0 MHs ] , [ Machine setups,Number of setups,$ 3 0 0 , 0 0 0 , 5...

When the demand for a plot of land rises, ________. a) its supply will fall b) its

Question:

Step by Step Answer:

When the demand for a plot of land rises its supply may not necessarily ...View the full answer

Microeconomics

Students also viewed these Business questions