select all the correct answers. newton bay is a sparsely populated area. the government plans to build an…

select all the correct answers. newton bay is a sparsely populated area. the government plans to build an international airport there and announces this plan publicly. when hotel chains learn about the airport, they become interested in building new hotels near the airport to accommodate travelers. what is the likely economic impact of this situation on commercial real estate in newton bay? the demand for land will increase. the price of land will decrease. the demand for land will decrease. the price of land will increase. the demand for land will not change.

select all the correct answers. newton bay is a sparsely populated area. the government plans to build an international airport there and announces this plan publicly. when hotel chains learn about the airport, they become interested in building new hotels near the airport to accommodate travelers. what is the likely economic impact of this situation on commercial real estate in newton bay? the demand for land will increase. the price of land will decrease. the demand for land will decrease. the price of land will increase. the demand for land will not change.

Answer

Answer:

  • The demand for land will increase.
  • The price of land will increase.

Brief Explanations:

La construcción de un aeropuerto internacional y la intención de cadenas hoteleras de construir hoteles aumentará la demanda de tierras comerciales en Newton Bay. Según la ley de oferta y demanda, un aumento en la demanda, sin un aumento proporcional en la oferta, hará que los precios aumenten.