In central Florida,the demand for real estate has been increasing rapidly for years.Therefore,the _____ cost of capital is _____ in central Florida's orange groves.

A) explicit;decreasing
B) implicit;increasing
C) implicit;decreasing
D) explicit;increasing

The increase in demand for real estate in central Florida has led to an increase in the implicit cost of capital. Implicit costs refer to opportunity costs that are not directly measurable or stated, but are still incurred by choosing one option over another. With the increasing demand for orange groves in central Florida, the implicit cost of investing in these groves is increasing, as the opportunity cost of not investing in another potentially more lucrative option becomes higher.