CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Control of Soil Pollution

Give reasons:...

Question

Give reasons:
The supply of land is inelastic.

Open in App

Solution

Land is a natural resource which cannot be created through the production process. Its supply cannot increase as prices increase. Suppliers and producers have to manage their production based on the amount of land available to them.
Thus, supply of land is inelastic.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Give reasons or explain:

1. The entrepreneur is called a leader of the organization.

2. Labour cannot be stored.

3. The supply of land is inelastic.

4. Raw material is considered as a variable capital.

Q. Give reasons:
The supply of agricultural commodity is relatively inelastic.

Q. Fill in the blanks with appropriate alternatives given in the bracket.
The supply of land is _______ .
[elastic, perfectly elastic, perfectly inelastic, more elastic]

When supply is completely inelastic, the elasticity of supply is equal to

Q. The supply of land is _______.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Soil Pollution

BIOLOGY

Watch in App

explore_more_icon

Explore more

Control of Soil Pollution

Standard XII Biology

Join BYJU'S Learning Program

CrossIcon