indicate whether the statement is True, False, or Uncertain and explain your answer Your mark for these questions will depend entirely on your answer Answers should include a diagram In Roback's model, suppose that costs and profits are independent of amenities and utility is decreasing in amenities Then if the level of amenities is higher in region A than in region B, both housing prices and wages will be higher in region A than in region B

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Question: indicate whether the statement is True, False, or Uncertain and explain your answer. Your mark for these questions will depend entirely on your answer. Answers

indicate whether the statement is True, False, or Uncertain and explain your answer. Your mark for these questions will depend entirely on your answer. Answers should include a diagram.

In Roback's model, suppose that costs and profits are independent of amenities and utility is decreasing in amenities. Then if the level of amenities is higher in region A than in region B, both housing prices and wages will be higher in region A than in region B.

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