The supply of land is perfectly ________ because no matter the amount of rent offered for land,the quantity of land is ________.

Name: The supply of land is perfectly ________ because no matter the amount of rent offered for land,the quantity of land is ________.
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Question

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The supply of land is fixed, meaning it cannot be increased or decreased. Therefore, the supply of land is inelastic, as it does not respond to changes in price or demand.

The Supply of Land Is Perfectly ________ Because No Matter