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If the Supply Price of Land Is Zero, Including Costs

Question 53

Multiple Choice

If the supply price of land is zero, including costs of transporting goods produced on the land to the market, then


A) positive rents are paid for the acres furthest from the market
B) there are no rent-yielding acres
C) the demand for land must be infinitely high
D) population growth must be high
E) landowners will reap higher rents

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