How will an increase in the birth rate affect the equilibrium price of land assume the supply of land is fixed?

Abstract

I. Introduction, 65.--II. A model of long-run growth, 66.--III. Possible growth patterns, 68.--IV. Examples, 73.--V. Behavior of interest and wage rates, 78.--VI. Extensions, 85.--VII. Qualifications, 91.

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journal article

Explanation of Birth Rate Changes over Space and Time: A Study of Taiwan

Journal of Political Economy

Vol. 81, No. 2, Part 2: New Economic Approaches to Fertility (Mar. - Apr., 1973)

, pp. S238-S274 (37 pages)

Published By: The University of Chicago Press

https://www.jstor.org/stable/1840423

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How will an increase in the birth rate affect the equilibrium price of land?

Increase in birthrate and the price of land More people means a higher demand for land -- the demand curve shifts up and to the right. Sketch the resulting shift before reading on. The equilibrium point moves up and to the right -- a higher equilibrium price and a larger equilibrium quantity will result.

How is equilibrium price affected by increase in supply?

If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.

What will happen to the equilibrium price and quantity of beef if the price of chicken feed increase?

What will happen to the equilibrium price and quantity of beef if the price of chicken feed increases? (Assume that chicken and beef are substitutes.) Both will increase.

What will be the effect of these changes on the equilibrium price and quantity in Orange market?

Answer and Explanation: The equilibrium price will reduce and the equilibrium quantity will increase. If exceptionally good weather provides a much bigger than expected orange harvest, the supply for oranges will increase and the supply curve for oranges will shift to the right.