Name: ID: A 18. Refer to the following chart to answer the next questions. Assume that the quantity of a certain type of farmland is 300,000 acres and the demand for this land is given in the table below: Pure land rent per acre Land demanded in acres $500 100,000 400 200,000 300 300,000 200 400,000 100 500,000 50 600.000 How much land will be rented? a. 100,000 d. 400,000 b. 200,000 e . 500,000 C. 300,000 19. Refer to the following chart to answer the next questions. Assume that the quantity of a certain type of farmland is 300,000 acres and the demand for this land is given in the table below: Pure land rent per acre Land demanded in acres $500 100,000 400 200,000 300 300,000 200 400,000 100 500,000 50 600,000 What will the economic rent be? a. $50 d. $300 b. $100 e. $400 C. $200