The Supply of Space Is

question 25

Multiple Choice

The supply of space is:

• A)Inelastic in both the short run and the long run
• B)Elastic in both the short run and the long run
• C)Relatively inelastic in the short run,and highly elastic in the long run
• D)Relatively elastic in the short run,and highly inelastic in the long run

---

Definitions:

Developing Nation

A country with a less developed industrial base and a lower Human Development Index compared to other countries, often characterized by a lower standard of living and lesser economic resources.

Medical Importance

The significance or impact of a medical condition, treatment, or innovation on health care, patient wellbeing, or medical research.

Political Importance

The significance or influence that a matter holds within the political sphere, affecting governance, policy-making, or public opinion.

Climate Change

The long-term alteration of temperature and typical weather patterns in a place, largely attributed to human activities like fossil fuel burning.