-Refer to the Above Figure $\mathrm { D } _ { 2 }$

question 81

Multiple Choice

-Refer to the above figure.Suppose demand is $\mathrm { D } _ { 2 }$ and then increases to $\mathrm { D } _ { 3 }$
) The change in economic rent is

• A)zero.
• B)area CIHF.
• C)area CIGO.
• D)area BJC.

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Definitions:

Percentage

A portion, share, or rate expressed as a fraction of 100, used to compare parts of a whole.

Political Efficacy

Political efficacy refers to the belief or confidence of citizens in their power to influence political processes and effect change through their actions and participation.

Decreased

A reduction in size, quantity, or intensity of a particular thing or phenomenon.

Increased

Describes something that has become larger or greater in size, amount, or degree.