If the Government Designates Certain Areas Within a Community to Be

question 192

Multiple Choice

If the government designates certain areas within a community to be wetlands, and therefore illegal to build upon, what happens to land not classified as wetlands within the community?
(i) the marginal product of land will fall
(ii) the marginal product of land will rise
(iii) the price of land will rise

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(ii) only

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