Which of the following does not explain differences in rent for different parcels of land?
A)productivity differences
B)demand differences
C)supply-elasticity differences
D)marginal-revenue-product differences

Question

Quizplus · Accepted Answer

Supply-elasticity differences do not directly explain differences in rent for different parcels of land. Rent differences are primarily influenced by factors such as productivity, demand, and the marginal revenue product of the land, rather than the elasticity of supply, which relates more to the responsiveness of quantity supplied to a change in price.

Which of the Following Does Not Explain Differences in Rent