The Supply Curve for Land Is Completely Inelastic, or Vertical

question 34

True/False

The supply curve for land is completely inelastic, or vertical.

---

Definitions:

Managers

Individuals responsible for controlling or administering all or part of a company or similar organization.

Manage Conflict

The process of identifying and addressing differences that arise in a group, aiming to reach an agreement or solution.

Assertive

Exhibiting confidence and directness in stating needs or opinions without being aggressive.

Competitor

Someone who manages conflict by being competitive and pushing ideas and solutions on others.