According to the Bid-Rent Model, Which of the Following Changes

question 14

Multiple Choice

According to the bid-rent model, which of the following changes in the model's underlying assumptions would most likely result in a decrease in rents for properties closest to the central business district (CBD) ?

• A) An increase in an individual's hourly wage
• B) An increase in the average traveling speed of the individual's commute
• C) An increase in the number of households attempting to live in the area
• D) An increase in the number of days an individual must commute to work

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