Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn

Exercise 1

When using a supply-and-demand model to illustrate how land rents are set, economists typically draw the supply curve as a vertical line because:
A) The supply of land is fixed.
B) The supply of land is perfectly inelastic.
C) The quantity supplied of land does not increase when rents go up.
D) All of the above.