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(Solved): 1. Explain why the supply of land is perfectly inelastic ( 800 words) 2. What factor of production ...
1. Explain why the supply of land is perfectly inelastic ( 800 words) 2. What factor of production is the most important in the real estate market (800words) 3. Demand for land is derived from utility or profitability of the proposed use. Explain (500 words)