Multiple Choice
According to the bid-rent model, which of the following changes in the model's underlying assumptions would most likely result in a decrease in rents for properties closest to the central business district (CBD) ?
A) An increase in an individual's hourly wage
B) An increase in the average traveling speed of the individual's commute
C) An increase in the number of households attempting to live in the area
D) An increase in the number of days an individual must commute to work
Correct Answer:

Verified
Correct Answer:
Verified
Q9: The growth of the motion picture industry
Q10: Based on your understanding of the effect
Q11: The location of competitors within a particular
Q12: According to the bid-rent model, which of
Q13: An early model of land use is
Q15: The magnitude of an economic base multiplier
Q16: Within some types of land use, business
Q17: Which of the following models of urban
Q18: An important effect of agglomeration economies on
Q19: Most research oriented universities have many different