Which of the following supplies is fixed in the factors of production?

Labour

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Raw materials

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Capital

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Land

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Solution

The correct option is D
Land

The supply of land is fixed whereas the supply of capital, labour, raw materials are elastic. They can be increased or decreased because they are man-made.

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Which of the following supplies is fixed in the factors of production?

The correct option is D Land The supply of land is fixed whereas the supply of capital, labour, raw materials are elastic. They can be increased or decreased because they are man-made.

The correct option is D
Land

The supply of land is fixed whereas the supply of capital, labour, raw materials are elastic. They can be increased or decreased because they are man-made.