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Electricity data of land for country x

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Reference no: EM132519530

Table 1 shows the electricity data of land for Country x. Table 1

Price elasticity of demand for land: -1.5

Price elasticity of supply for land: 0

Due to low birth rates, Country x faces the prospect of a shrinking population by 2030. Based on the information in Table 1, analyse the impact on the equilibrium quantity and price of land for Country x in 2030.

Reference no: EM132519530

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