Suppose the Supply of Farmland Is Infinitely Inelastic and the Demand

Multiple Choice

Suppose the supply of farmland is infinitely inelastic and the demand for land is downward sloping but inelastic at the current equilibrium. If the supply curve shifts leftward (e.g., some farmland is permanently converted to other uses) , 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.