Question

If production or sale becomes low a certain fixed amount of rent is to be given and this rent is known as​

Answer 1

Answer:

Economic rent is an amount of money earned that exceeds that which is economically or socially necessary. This can occur, for example, when a buyer working to attain a good or service that is considered exclusive makes an offer prior to hearing what a seller considers an acceptable price. Market imperfections thus lead to the rise of economic rents; it would not exist if markets were perfect since competitive pressures would drive down prices.

Explanation:

hope it helps ...