Economy, asked by ridiprahang, 1 month ago

Distinguish between purchase price and rental price of a factor​

Answers

Answered by klintonverma1
1

HOW IS rental price of a factor different from its purchase price?

It means that rent is not a factor that determines price but is itself determined by price. ... Thus, high rents are paid because much higher prices can be charged rather than prices are high because of high rent. ADVERTISEMENTS: Fig.

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