Between 1988 and 1989, the Price of Retail Space in Ginza

question 92

Multiple Choice

Between 1988 and 1989, the price of retail space in Ginza, Tokyo's premier commercial and entertainment center, rose from $400 to $625 per square foot.This was the result of an increase in demand in the face of a perfectly inelastic supply curve for retail space.Economists call this

• A)monopoly profit.
• B)economic rent.
• C)usury.
• D)marginal revenue product.

---

Definitions:

Health Habits

Regular behaviors or activities undertaken by an individual to maintain and improve their health.

Calcium Intake

The consumption of calcium, an essential mineral crucial for bone health, blood clotting, nerve transmission, and muscle function.

Cigarettes

Narrow cylinders of finely cut tobacco enclosed in paper and intended for smoking, posing significant health risks.

Protein Diet

A nutrition plan focusing on high intake of proteins, often used for muscle building or weight loss.