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Research on building In Chicago suggests that the Elasticity of Building height with respect to land prices is 0.45. Which of the following best describes

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Research on building In Chicago suggests that the Elasticity of Building height with respect to land prices is 0.45. Which of the following best describes how to interpret this elasticity? Building height decreases by 4.5% when iand prices increase by 10% land prices increase by #596 when building heights Increase by 10% Building height increases by 45% when land prices increase by 10% Land prices increase by 4.5% when building heights increase by 1096. None of the above. prance

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