Landowners will not receive any rent so long as:_______
A. There is any tax on land.
B. The supply and demand curves for land intersect.
C. The supply curve of land is perfectly inelastic.
D. The supply curve lies entirely to the right of the demand curve.

Question

12-12-2019
Business

contestada

Landowners will not receive any rent so long as:_______
A. There is any tax on land.
B. The supply and demand curves for land intersect.
C. The supply curve of land is perfectly inelastic.
D. The supply curve lies entirely to the right of the demand curve.

Respuesta :

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agustinsr99 agustinsr99 · Answer 1 · 2019-12-16T23:59:45+01:00

Answer: The correct answer is "D. The supply curve lies entirely to the right of the demand curve.".

Explanation: Landowners will not receive any rent so long as the supply curve lies entirely to the right of the demand curve, because this situation would frame an excess supply of land since the existing amount of land is fixed, and its curve does not depend on price and as long as demand is totally to the left of the supply curve, there will not be enough demand.

Landowners will not receive any rent so long as:_______ A. There is any tax on land. B. The supply and demand curves for land intersect. C. The supply curve of land is perfectly inelastic. D. The supply curve lies entirely to the right of the demand curve.

Respuesta :

Otras preguntas

Landowners will not receive any rent so long as:_______
A. There is any tax on land.
B. The supply and demand curves for land intersect.
C. The supply curve of land is perfectly inelastic.
D. The supply curve lies entirely to the right of the demand curve.