As the Price of Land Falls,the Relative Price of Land

question 80

Multiple Choice

As the price of land falls,the relative price of land _____

• A)increases, because the prices of other land that could produce the same output have also decreased.
• B)decreases, because the prices of other land that could produce the same output have also decreased.
• C)increases, because the prices of other land that could produce the same output have increased.
• D)decreases, because the prices of other land that could produce the same output are held constant.
• E)remains constant, because the prices of other land that could produce the same output also increase.

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