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For an Input with a Vertical Supply Curve,an Increase in the Demand

Question 79

Multiple Choice

For an input with a vertical supply curve,an increase in the demand for the input will lead to:


A) an increase in economic rent which is less than the payment to the input.
B) an increase in economic rent equal to the payment to the input.
C) a decrease in economic rent equal to the payment to an input.
D) a decrease in economic rent which is higher than the payment to the input.

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