ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Or Why the Usual Demand–Supply Curves Do Not Apply to Land

Land Is Not Soap

The intersecting curves of demand and supply on a graph of price against quantity are widely used to understand the market for every kind of commodity. The argument here is that it is incorrect to use these curves when trying to understand or explain the market for land.



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Updated On : 18th Jan, 2019

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