Suppose the supply of land is infinitely inelastic and the demand ...

[londonang]

Suppose the supply of land is infinitely inelastic and the demand for land is downward sloping but inelastic at the current equilibrium. If the supply curve shifts rightward (e.g.
 
  , previously unusable land is cleared for production), what happens to the aggregate economic rents in this market? A) Decrease
  B) Increase
  C) Remain the same
  D) We do not have enough information to answer this question.

Question 2

The oligopoly model that predicts that oligopoly prices will tend to be very rigid is the ________ model.
 
  A) Cournot
  B) Stackelberg
  C) dominant firm
  D) kinked demand

[perkiness]

Answer to Question 1

A

Answer to Question 2

D

[londonang]

Great answer, keep it coming

[bassamabas]

Thanks for the timely response, appreciate it