Economics Mcqs
Q Supply of land in a given use ?
  • A A. Will be perfectly inelastic in the long run. but upward sloping in the short run
  • B B. Is perfectly inelastic since there is a fixed amount of land
  • C C. Is perfectly elastic since there is fixed amount of land
  • D D. Will be upward sloping because as land becomes more valuable in once use, the amount of land made available for that use will increase
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