"Total Supply of land is perfectly inelastic from the point of view of the economy", it means:
CA Foundation · Business Economics · PYQS · January 2026
"Total Supply of land is perfectly inelastic from the point of view of the economy", it means:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. Its supply is unaffected with change in demand
Topics: Theory of Demand and Supply
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