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Other Factors of Production: Land and Capital
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Problem 1
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Problem 3
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Problem 6
Problem 7
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Problem 9
Problem 10
Other Factors of Production: Land and Capital
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15. Markets for the Factors of Production / Other Factors of Production: Land and Capital / Problem 7
Problem 7
Why is the supply of land considered perfectly inelastic?
A
Because the cost of land is variable.
B
Because the demand for land is constant.
C
Because the price of land is fixed.
D
Because the quantity of land cannot be changed.
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