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Answer to Question #130672 in Microeconomics for Mehroosa

Question #130672
DHA supply and land is perfectly inelastic. Last year three was rise in demand for land in DHA, what will be the impact on the price of land?
1
Expert's answer
2020-08-27T13:37:13-0400

If there was a rise in demand for land in DHA, then the price of land will increase.


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