When the supply of land is perfectly inelastic, the price is determined

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    entirely by demand.
     by the difference between the amount that buyers are willing to pay and the opportunity cost of supplying the land to market.
     the property taxes and development costs of any project being considered when buying the land.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
entirely by demand.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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