When using a supply and demand model to illustarte how land


When using a supply and demand model to illustarte how land rents are set, economists typically draw the supply curve as a vertical line because

a. the supply of land is fixed (this is correct?)

b. the supply of land is perfectly inelastic

c. the quantity of land supplied does not increase when rents go up

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Business Economics: When using a supply and demand model to illustarte how land
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