If Land Becomes More Valuable in Residential Use Than in Commercial

question 162

Multiple Choice

If land becomes more valuable in residential use than in commercial use,

• A) the supply of land available for commercial use should decrease and the supply of land for residential use should increase.
• B) there can be no change in the allocation of land because land is fixed in supply.
• C) there will be no change in the allocation of land, as there is no responsiveness to price changes by suppliers of land.
• D) the supply of land for commercial use will become perfectly elastic, and the supply of land for residential use will become perfectly inelastic.

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Definitions:

Cilia

Microscopic, hair-like structures on the surface of cells, moving fluid or mucus across the cell surface.

Absorption

The process by which substances are taken up by the body, often referring to nutrients and drugs through the gastrointestinal tract.

Mitochondria

Membrane-bound cell organelles responsible for generating most of the cell's supply of ATP, used as a source of chemical energy.

ATP Production

The process of generating adenosine triphosphate, a molecule that stores and transfers energy within cells.