Choose the Correct Statement

Multiple Choice

Choose the correct statement.

A) The quantity of land demanded cannot be changed by people's decisions.
B) The supply of each particular block of land is perfectly inelastic.
C) The lower the rental rate,other things remaining the same,the smaller is the quantity of land demanded.
D) Profit-maximizing firms rent the quantity of land at which the value of marginal product of land is equal to the quantity of land demanded.
E) The supply of land is based on the value of marginal product of land.