Exam (elaborations)
Econ 180 midterm 1 QUESTIONS WITH COMPLETE SOLUTIONS
- Course
- Econ 180
- Institution
- Liberty University
The Urban economics axiom that prices adjust to achieve locational equillbrium implies a. The price of land is a reflection of the value of the location b. All land has the same inherent value c. Value of a location can only be quantified by an economist d. The price of land is not connecte...
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