ECON 452 - Suppose a country called Flat Land managed
Question # 00625488
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Updated on: 12/07/2017 01:27 PM Due on: 12/07/2017
Suppose a country called Flat Land managed to drain and reclaim land from the sea, thereby increasing the total amount of land with 10%.
- (a) Discuss how this would affect the market for land? How would this affect the landowners: would the rental rate of land go up or down? Discuss and illustrate graphically.
- (b) How would this event affect the labo rmarketinFlatLand?Discussandillustrategraphically.
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Rating:
5/
Solution: ECON 452 - Suppose a country called Flat Land managed