Farmer fred owned a piece of farmland for growing cotton, Ask an Expert

Economics

Farmer Fred owned a piece of farmland for growing cotton that had been unused for years and Fred had been unable to rent for years. Suddenly, Fred was getting offers from cotton farmers to rent his farmland. What is the most likely explanation of this change?

A. The taxes on the farmland increased.

B. The physical productivity of the farmland increased.

C. The price of a pound of cotton decreased.

D. The price of a pound of cotton increased.

E. An increase in the wages paid to field hands who help to grow cotton.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92195322

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