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As the Price of Land Decreases Along Its Demand Curve

Question 50

Multiple Choice

As the price of land decreases along its demand curve, the relative price of land


A) increases because the prices of other resources have also decreased.
B) decreases because the prices of other resources have also decreased.
C) increases because the prices of other resources have increased.
D) decreases because the prices of other resources are held constant.
E) remains constant because the prices of other resources also increase.

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