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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

If people pay for good weather, who ultimately receives the “good-weather payment”?

To determine

People who receive the payment for good weather.

Explanation

When people decide to pay for good weather, the ultimate benefit would be enjoyed by land owners in a city. It is known that an increase in the demand for houses in the...

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