If Land Becomes Less Valuable in Residential Use Than in Commercial

question 123

Multiple Choice

If land becomes less valuable in residential use than in commercial use

• A) the supply of land available for commercial use should increase and the supply of land for residential use should decrease.
• 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 inelastic and the supply of land for residential use will become perfectly elastic.

---

Definitions:

Adolescents

The developmental stage between childhood and adulthood, encompassing physical, psychological, and social changes.

Increased Conflicts

A situation where there is a rise in disagreements or disputes between individuals or groups.

Autonomy

The capacity to make an informed, uncoerced decision; often associated with a person's ability to act independently.

Moral Emotions

Emotions that are directly linked to the behavior of oneself or others, influencing moral decision-making and ethical behavior, such as guilt, shame, or empathy.