Social Studies, 06.10.2019 04:00 zayzay162
According to the bid-rent model, which of the following changes in the model's underlying assumptions would most likely result in a decrease in rents for properties closest to the central business district (cbd)?
a. an increase in an individual's hourly wage
b. an increase in the number of households attempting to live in the area
c. an increase in the number of days
d. an individual must commute to work
e. an increase in the average traveling time of the individual's commute
Answers: 3
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According to the bid-rent model, which of the following changes in the model's underlying assumption...
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