Pure Land Rent, per Acre Land Demanded, Acres $ 500 100,000 400 200,000 300 300,000 200 400,000 100 500,000 50 600,000 Suppose that the available quantity of a certain type of farmland is 400,000 acres, and the demand for this land is given in the table. How much of the farmland will be rented? Group of answer choices 200,000 acres 300,000 acres 400,000 acres 500,000 acres
Pure Land Rent, per Acre Land Demanded, Acres $ 500 100,000 400 200,000 300 300,000 200 400,000 100 500,000 50 600,000 Suppose that the available quantity of a certain type of farmland is 400,000 acres, and the demand for this land is given in the table. How much of the farmland will be rented? Group of answer choices 200,000 acres 300,000 acres 400,000 acres 500,000 acres
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
| Pure Land Rent, per Acre | Land Demanded, Acres |
|---|---|
| $ 500 | 100,000 |
| 400 | 200,000 |
| 300 | 300,000 |
| 200 | 400,000 |
| 100 | 500,000 |
| 50 | 600,000 |
Suppose that the available quantity of a certain type of farmland is 400,000 acres, and the
Group of answer choices
200,000 acres
300,000 acres
400,000 acres
500,000 acres
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