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.
Correct Answer:

Verified
Correct Answer:
Verified
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