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Sublight2097 Sublight2097
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8 years ago
What effect will an increased demand for housing in the suburbs of a major city have on the cost of vegetable farming in the suburbs?
A) No effect, since one cannot grow vegetables on land on which housing has been constructed.
B) The cost will decline because only very fertile land will now be used for growing vegetables.
C) The cost will rise because it will become more expensive to grow vegetables.
D) The cost won't change, because there has been no change in physical conditions.
E) We cannot predict unless we know what has happened to the demand for vegetables.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Seriously, you've been tremendously helpful! Thank you.
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#3
8 years ago
Happy to help, let me know if you have any more requests.
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