Which of the Following Statements Is True

question 180

Multiple Choice

Which of the following statements is true?

• A)The supply curve for land is upward sloping in the short run, but is perfectly inelastic in the long run.
• B)The supply curve for land is upward sloping in the short run, but is perfectly elastic in the long run.
• C)The supply curve for land is upward sloping when considering a small portion of the total amount of land, but is perfectly inelastic when considering the total amount.
• D)The supply curve for land is upward sloping when considering the total amount of land, but is perfectly inelastic when considering a small portion of the total amount.

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