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SethHuddleston SethHuddleston
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5 years ago
When a resource has a perfectly inelastic supply curve
A) the amount of economic rent for this resource is determined by its supply.
B) the amount of economic rent for this resource is determined by demand for the resource.
C) the amount of economic rent for this resource is determined by the government.
D) there is no economic rent being earned by this resource.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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ashkatnewashkatnew
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