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Describe possible effects of transportation cost reduction

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Question: Describe the two possible effects of transportation cost reduction (per mile, per person) on both relative and absolute land values within a monocentric homogeneous city. Which one do you think dominates in the real world? Explain. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131733957

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