Examlex
If the demand for bananas has a high price elasticity, then a 5 percent decrease in the price of bananas will result in
Land Supply
Land supply refers to the total quantity of land that is available for use or development in a particular area.
Factor's Price
The cost of utilizing factors of production like labor, land, and capital in the process of manufacturing.
Factor's Marginal Product
The additional output that results from the use of one more unit of a production factor, holding other factors constant.
Factor Of Production
An input used in the production of goods or services, including labor, capital, land, and entrepreneurship.
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