Introduction to Economics 1 Deneme Sınavı Sorusu #1173845

I. Economic rent is the price paid for the use of land or natural resources whose supply is perfectly inelastic.

II. Demand is the active determinant of economic rent.

III. Supply can be an important factor in determining the economic rent.

What can be said true about what determines rent differentials?

Only I

Only II

I and II

I and III

II and III

Yanıt Açıklaması:

Economic rent is the price paid for the use of land or natural resources whose supply is perfectly inelastic. The
supply of land is perfectly inelastic because it is virtually fixed in the quantity available. Supply has no influence
in determining economic rent. Demand is the active determinant of economic rent. The answer is C.

PAYLAŞ:

SORUNUN CEVABI: C

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Introduction to Economics 1 Deneme Sınavı Sorusu #1173845

SORUNUN CEVABI: C

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