A builder must build fifty houses by the end of the year but he has run out of available land. Which best describes the builder's supply of houses?

Question

asked May 11, 2021 23.2k views

2 Answers

Rodrigo Divino · Answer 1 · 2021-05-15T04:22:58+0000

Answer:

Inelastic supply

Step-by-step explanation:

The builder's supply of houses is inelastic, because the supply of houses has less responsiveness on the availability of land.