The supply of beach front property on St.Simon's Island is
A) elastic.
B) unit elastic.
C) negative.
D) inelastic.
E) perfectly elastic.

Question

Quizplus · Accepted Answer

The supply of beach front property on St.Simon's Island is likely inelastic, as there are likely limited quantities of beach front property available and the cost of production (e.g. land, construction) may not greatly influence the willingness of sellers to provide these properties.

The Supply of Beach Front Property on St