Examlex
Ranchers can raise either cattle or sheep on their land.Which of the following would cause the supply of sheep to increase?
Nature
The physical world collectively, including plants, animals, landscapes, and other features and products of the earth as opposed to humans or human creations.
Land Rent
Payment made for the use of land, typically based on its productivity, location, and the competitive demand for land use.
Acres
A unit of measurement used primarily in the U.S. to describe the size of land, equating to 43,560 square feet.
Economic Rents
Extra earnings or return above the normal expected return of an investment or economic activity.
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