Which Statement Is False

question 124

Multiple Choice

Which statement is false?

• A)The supply curve for land is perfectly inelastic.
• B)Rent is set by supply and demand.
• C)The demand for rent is the MRP schedule of the highest bidder for a specific plot of land.
• D)An increase in the demand for land increases both the price and quantity of land.

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Definitions:

Proximity

The state or condition of being close or near; in technology, it often relates to the detection of and response to nearby objects or signals.

Machine Cycle

The series of steps a central processing unit goes through when it performs a program instruction.

Encode

The process of converting information into a particular form or code to ensure its secure transmission or storage.

Moore's Law

An observation that the number of transistors on a microchip doubles approximately every two years, leading to a continuous increase in computing power.