Asked by Jacob Thomas on May 22, 2024
Verified
In economics we say the amount of land is
A) fixed.
B) variable.
C) both fixed and variable.
D) neither fixed nor variable.
Amount of Land
The quantity or measure of land available, often discussed in the context of its use for agriculture, development, conservation, or other purposes.
Variable
An element, feature, or factor that is liable to vary or change, often used in statistical or mathematical models to represent data or conditions.
- Identify the determinants of land supply and demand fluctuations.
Verified Answer
AS
Ayush SinghMay 28, 2024
Final Answer :
A
Explanation :
The amount of land is considered fixed because there is a limited supply of land; it cannot be increased to meet demand.
Learning Objectives
- Identify the determinants of land supply and demand fluctuations.