Brueckner’s Figure 2.13 shows a parallel upward shift in r(x)

Problem Set 2 – Due: 15 October 2015Name: ……………………………………………………………………. ID: …………………………October 6, 2015Brueckner’s Figure 2.13 shows a parallel upward shift in r(x). Would that be correct?Reason stepwise as Brueckner does on p. 44.1.2.3.4.5.6.7.8.1Brueckner’s Figure 2.14 illustrates the effect on land rent of an increase intransportation cost. Supply the stepwise reasoning and draw the appropriate figure forthe effect on housing rent, p(x).1.2.3.2

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