Question: Reconsider Figure 21-1 and the data provided in Problem 21-19, and suppose that P2 = $2,800 per acre. By how much do economic rents change

Reconsider Figure 21-1 and the data provided in Problem 21-19, and suppose that P2 = $2,800 per acre. By how much do economic rents change when the rental rate on land rises from P1 to P2 in the figure?

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