Brueckner’s Figure 2.13 shows a parallel upward shift in r(x)
Question # 00116195
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Updated on: 10/11/2015 03:49 PM Due on: 11/10/2015
Problem Set 2 - Due: 15 October 2015
Name: ............................................................................... ID: ..............................
October 6, 2015
Brueckner’s Figure 2.13 shows a parallel upward shift in r(x). Would that be correct?
Reason stepwise as Brueckner does on p. 44.
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1
Brueckner’s Figure 2.14 illustrates the effect on land rent of an increase in
transportation cost. Supply the stepwise reasoning and draw the appropriate figure for
the effect on housing rent, p(x).
1.
2.
3.
2
Name: ............................................................................... ID: ..............................
October 6, 2015
Brueckner’s Figure 2.13 shows a parallel upward shift in r(x). Would that be correct?
Reason stepwise as Brueckner does on p. 44.
1.
2.
3.
4.
5.
6.
7.
8.
1
Brueckner’s Figure 2.14 illustrates the effect on land rent of an increase in
transportation cost. Supply the stepwise reasoning and draw the appropriate figure for
the effect on housing rent, p(x).
1.
2.
3.
2
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Solution: Brueckner’s Figure 2.13 shows a parallel upward shift in r(x)