Asked Sep 6, 2019

When asked for investment advise, humorist Will Rogers joked that people should "buy land. They ain't making anymore of the stuff". Explain his advise in terms of supply and demand model.


Expert Answer

1 Rating
Step 1

A person pronounces that there is a shortage of land in the market. Since, the quantity demand for the land i...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in



Related Economics Q&A

Find answers to questions asked by student like you
Show more Q&A

Q: loui's preferences over pizza (x) and other goods (y) are given by U(X,Y)=XY^2, with associated marg...

A: It is given that,U(x, y) = xy2,M = $240,Price of pizza Px is $8, Price of other good Py = $1, and P’...


Q: The Fed argued that QE3 would work to reduce the unemployment rate. Use the federal funds market, th...

A: After the 2008 great recession, the US economy faced a credit crunch which has to be removed from th...


Q: Solve and Explain Q#40 and 41

A: 40.The equilibrium price is $0.55.Willing price for different quantity is given below.


Q: are open market operations the most important tool that the Fed has to help stabilize the economy?

A: Monetary policy: Monetary policy is the tool in the hands of the central bank of a country which reg...


Q: Debt is    the same as the deficit.   good if it increases productivity more than the debt ...

A: Debt is the term for the government borrowings accumulated over a period of time. Government borrowi...


Q: what are some of the technical advantages that a firm can benefit from selling their products on Ama...

A: Amazon:Amazon is an international market place which selling their goods and services in different c...


Q: 2013 Output 2013 Prices 2014 Output 2014 Prices Lemonade 200 glasses $1 per glass 22...

A: 29.Real GDP:2013 real GDP can be calculated as follows:


Q: Why does the monopolist always produce only until that level of output where the own-price elasticit...

A: A monopolist tends to maximise its profit and produces the output up to that level at which MC = MR,...


Q: Which of the following are true of an economy operating with a negative GDP gap? Check all that appl...

A: Gross Domestic Product (GDP at MP): This is the gross market value of all the final commodities gene...