What is the supply of land for a particular use like?

1. A Option A: It will be perfectly inelastic in the long run but upward sloping in the short run
2. B Option B: It will be upward sloping because as land becomes more valuable in one use, the amount of land made available for that use will increase
3. C Option C: It is perfectly elastic since there is a fixed amount of land
4. D Option D: It is perfectly inelastic since there is a fixed amount of land

Answer checked 11 October 2026 · How we write and check questions