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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 12
When asked for investment advice, humorist Will Rogers joked that people should "[b]uy land. They ain't making any more of the stuff." Explain his advice in terms of the supply and demand model.
Explanation
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The supply of land is fixed and there is...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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