Multiple Choice
Farmer Ted owned a worn-out piece of farmland for growing cotton, which he had been unable to rent for years. Suddenly he was getting offers from cotton farmers to lease his land. What is the most likely explanation of this?
A) The price of cotton went down.
B) The physical productivity of the land went up.
C) Taxes on the land went up.
D) The price of cotton went up.
Correct Answer:
Verified
Correct Answer:
Verified
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