This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the supply of land is infinitely inelastic and the demand for land is downward sloping but ... (Read 77 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


londonang

  • Member
  • Posts: 540
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition
Blood Supply of the Liver Blood Supply of the Liver
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Offset Method Plot of Land with Length Line Offset Method Plot of Land with Length Line
Offset Method Plot of Land with Measurements Offset Method Plot of Land with Measurements
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library