Consider the following information:
Computers: Sales revenue = Pc*Qc = 150
Payments to labor = W*Lc = 75
Payments to capital = Rk*K = 75
Barley: Sales revenue = Pb*Qb = 150
Payments to labor = W*Lb = 70
Payments to land = Rt*T = 80
Holding the price of computers constant, suppose the percentage increase in the price of barley is 10% and the percentage increase in wage is 5%.
The effect of the increase in the price of barley on the rental price of land is then about?