Other things being equal, an increase in the demand for land in the short-run will cause an increase in the
a
price only.
b
price and supply.
c
quantity supplied only.
d
supply only.
Explanation
Correct Option
b
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StephEd007
7 months ago
The correct answer is A. price only
Land is inelastic in supply. More land cannot be created no matter how high demand gets. Only the price will increase
