Examlex

Solved

-Refer to the Figures Above to Answer This Question

question 187

Multiple Choice

  -Refer to the figures above to answer this question.Figure ________ represents the market for ________ because its supply is ________. A)  A; land; perfectly inelastic because the quantity of land is fixed B)  A; a nonrenewable resource; inelastic because reserves can always be discovered C)  B; land; inelastic given only a limited amount of land is available D)  B; a nonrenewable resource; demand changes as the economy changes E)  B; land; elastic as predicted by the Hotelling Principle
-Refer to the figures above to answer this question.Figure ________ represents the market for ________ because its supply is ________.


Definitions:

Related Questions