Statement I: Rents are high because prices are high.
Statement II: Rent on marginal land is very high.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Marginal Land

Land that has limited agricultural productivity or is challenging to cultivate due to its poor soil, rough terrain, or other adverse conditions.

Rent

Rent is the payment made by a tenant to a landlord for the use of a property, typically on a monthly basis, for residential or commercial purposes.

Prices

The amount of money required to purchase goods or services, reflecting supply and demand dynamics.