Directions : Analyze and refer to the lesson below. Afterwards, answer the questions thoroughly. 1. Define rent ? Based on your sentiments and based on its true meaning. 2. Define and enumerate the economic rent and commercial rent ?Give example also on each type of rent. 3. Define and enumerate the determinants of rent ? Give example also on each type of determinant refer to the images.

Determinants of Rent a. Land located in densely populated areas commands higher demand than those in sparsely inhabited sites.