Question

What do we understand by land is limited in supply?​

Answer 1

Supply of land is fixed in quantity. It means supply of land cannot be increased or decreased like other factors of production.

Answer 2

Answer:

Increasing the price of land  Land area available for use in country or city (also called supply) is limited.  When demand increase, available land area (supply) cannot meet with increase in demand, price of land may increase.

Explanation:

Please mark this as the Brainliest