Question: (1) (2) (3) (4) (5) Land Rent Quantity Supplied Quantity Demanded Quantity Demanded Quantity Demanded $400 60 40 30 10 300 60 50 40 20

(1) (2) (3) (4) (5)
Land Rent Quantity Supplied Quantity Demanded Quantity Demanded Quantity Demanded
$400 60 40 30 10
300 60 50 40 20
200 60 60 50 30
100 60 70 60 40
0 60 80 70 50

Refer to the table, in which the values for columns (2) through (5) are in acres. Positive land rent will occur if the relevant columns are

Multiple Choice

  • (1), (2), and (3) only.

  • (1), (2), and (3) and (1), (2), and (5).

  • (1), (2), and (4) and (1), (2), and (5).

  • (1), (2), and (3) and (1), (2), and (4).

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