The Figure Given Below Shows the Demand [D and D']

question 43

Multiple Choice

The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2

-Which of the following is true of earnings from land?

• A)An increase in economic rent leads to an increase in the supply of land.
• B)A decrease in transfer earnings from land leads to an increase in its demand.
• C)An increase in economic rent does not lead to an increase in the supply of land.
• D)A decrease in transfer earnings from land leads to a decrease in its supply.
• E)An increase in economic rent raises the elasticity of supply of land.

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Definitions:

Confidence Interval

A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter.

Standard Deviation

A metric indicating the degree of spread or distribution among a collection of numbers.

Sample Size

The number of observations or individuals participating in a study from which conclusions about the larger population can be drawn.

Sampling Frame

The list or database from which a statistical sample is drawn; it represents the population of interest.