Related to the Economics in Practice on p. 202: If the estate in the Chekhov play Uncle Vanya is earning 2 percent, yet a potential buyer wants to earn more than 2 percent, the sales price of the estate would have to

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If a potential buyer wants to earn more than the 2 percent return the estate is currently earning, they would need to pay a lower price for the estate in order to achieve a higher return. This is because buying the estate for a lower price means that the potential buyer is able to earn a higher rate of return on their investment. Therefore, the sales price of the estate would have to fall.

Related to the Economics in Practice on P