If the supply curve for land was a vertical line, then any payment made for land would be considered

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If the supply curve for land is a vertical line, it means that the quantity of land supplied is fixed and cannot be increased in response to changes in demand or price. Therefore, any payment made for land would be considered economic rent, which is the income paid to the owner of a factor of production (in this case, land) in excess of the minimum amount necessary to bring it into production. Economic rent arises due to the scarcity of the factor and the differential productivity of different units of it.

If the Supply Curve for Land Was a Vertical Line