a
One
b
Greater than one
c
Zero
d
Less than one.
Explanation
Correct Option
cNo explanation available
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Discussions (3)
SirClassic
3 years ago
The coefficient of price of "Demand" for LAND is;
less than 0ne (inelastic)
But the question here says...
The coefficient of price of "Supply" for LAND.
Thus, the correct answer is;
zero (perfectly inelastic).
So, option "C" is correct!
Date: 04-02-23 [11:55pm]
SirClassic
3 years ago
The coefficient of price elasticity of "Demand" for LAND is;
less than 0ne (inelastic)
But the question here says...
The coefficient of price elasticity of "Supply" for LAND.
Thus, the correct answer is;
zero (perfectly inelastic).
So, option "C" is correct!
Date: 04-02-23 [11:55pm]
klickinstitute
3 years ago
the correct answer is D less than one. elasticity for supply of land is inelastic therefore less than one
