In the market for unimproved land, supply would best be described as:
A) elastic.
B) inelastic.
C) perfectly elastic.
D) perfectly inelastic.

Name: In the market for unimproved land, supply would best be described as: A) elastic. B) inelastic. C) perfectly elastic. D) perfectly inelastic.
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Question

Quizplus · Accepted Answer

Supply for unimproved land is perfectly inelastic because the quantity of land available cannot be increased, regardless of the price.

In the Market for Unimproved Land, Supply Would Best Be