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Land is sometimes in joint supply as joint supply is when one good is supplied for different purposes. Such as a cow being supplied for meat and leather, oil being supplied for oil and gas. Land is sometimes supplied for both housing and farming, mining and factories etc. I'm sure you can find some other examples off the top of your head.
Sources: Alain Anderton's AS Level Economics Fifth Edition textbook.
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What is land supply?
amount of land available in an area
What is supply of land in economics?
Supply of land can be defined as the number of parcels of land a landowner is willing to make available for industrial,commercial or residential purposes
What is land shortage?
Land scarcity is what happens when the demand for land is higher than the supply due to population growth.
What do people supply in return for factor payments?
Land, labor, or capital.
What is modern theory of rent?
Modern Theory of RentThis theory is also known as demand and supply theory of land. It is based on the following assumptions:1. There is always perfect competition among various cultivations.2. The fertility of different lands is same.3. The land is used for a particular job.Explanation of the TheoryThe theory explains the concept of rent in terms of demand and supply. According to the theory rent is payment for the use of land. Demand for the use of land is actually the demand for that product which is produced on it. Demand for the land will increase with increase in demand for that particular product. Since th supply of land is fixed i.e. the supply cannot increase or decrease therefore the rise or fall of rent will be entirely governed by it's demand. Thus on the side of demand rent of land is determined by its productivity not total productivity, but marginal productivity. And for supply, the supply of land in general is absolutely inelastic, as such in supply is independent of what it earns. From the following figure it is clear that the supply of land is fixed SS, while as demand is increasing from DD to D'D' and to D'' to D'', the rent is also increasing from RR to R'R' and to R''R''.ANSWERED BY KISHORBVIMED
What is 'joint supply'?
According to the Economist's "Economics A
Is paddy and straw the example of joint supply?
yes
Is Paddy and straw is the example of joint supply?
yes
How do you increase the land supply?
get more supply
What happen in the supply and demand regarding land?
Supply is inelastic and demand is elastic for land.
What are the methods to increase land supply in Pakistan?
ways of increasing land supply in pakistan is that cutting forests,land reclamation and restoring derelict land.
What is land supply?
amount of land available in an area
Is Land supply?
amount of land available in an area
What is supply of land in economics?
Supply of land can be defined as the number of parcels of land a landowner is willing to make available for industrial,commercial or residential purposes
The total supply of land and other natural resources is what?
The total supply of land and other natural resources is: Perfectly elastic
Does McDonald's have any joint ventures?
more than likely in its supply chain.
What is the army contribution to joint operation?
Land power
