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Answer to Question #136414 in Microeconomics for Yuliya
Question #136414
Explain relation between rent and price.
Expert's answer
Although the relation between rent and price has been a center of conflict, Ricardian theory affirms that rent is a surplus above cost and hence, it does not enter into price. In other words, rent is price-determined and not price determining.
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#339914 on Dec 2023
#339914 on Dec 2023
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