The Figure Given Below Shows the Demand [D and D']

question 16

Multiple Choice

The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2

-In the market for land as a resource, the demand curve is elastic while the supply curve is perfectly inelastic. Identify the underlying assumption.

• A)There are limited ways in which land can be used as a resource.
• B)Land as an input has large number of substitutes.
• C)There is a fixed supply of land.
• D)Land includes all immovable assets.
• E)The productivity of land improves over time.

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