Multiple Choice
If all of the returns to a resource are in the form of economic rent,
A) the price of that resource is determined exclusively by supply
B) the price of that resource is determined exclusively by demand
C) the price and quantity of that resource are determined exclusively by supply
D) the price and quantity of that resource are determined exclusively by demand
E) the equilibrium price is zero
Correct Answer:

Verified
Correct Answer:
Verified
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