Economy, asked by jhagaurav789, 3 months ago

the initial supply price of land is

Answers

Answered by havellshavells

2

Answer:

Land is a free gift from nature and therefore its quantity is fixed by nature. ... In other words, the supply of land to the entire economy does not depend on the price i.e., rent for its use. Hence, from the standpoint of the whole economy, the supply of land (which includes natural resources) is perfectly inelastic.

Answered by Bhavyareddy712

0

Answer:

It is perfectly inelastic

Previous Question

Next Question

Similar questions

Computer Science, 1 month ago

what is difference between basic and compound formula...

Chemistry, 1 month ago

na+ and mg2+ are which type of element isotope or isobars ...

Science, 1 month ago

With the help of activity show that Angle of incidence is always equal to the angle of reflection Answer...

Math, 3 months ago

4m² + y² / 2x² + y² + 2xy I will mark u as brainliest...

Business Studies, 3 months ago

प्रबंध के सिद्धांत कहां-कहां लागू होते हैं एक वाक्य में उत्तर बताइए...

Social Sciences, 9 months ago

Who make word hello...

Math, 9 months ago

find the value of 7 × 7 × 7 ×7...

Social Sciences, 9 months ago

civics ch 3 fundamental rights... discuss the special features of fundamental rights with reference to.. 1.curtailment of right 2.discuss the special features of fundamental rights ...