The kind of supply that most adequately recounts the type of supply in the given situation would be:
c). Inelastic
- The term 'inelastic' denotes 'something that is not flexible or not subject to change with respect to fluctuations in its associated factors.
- 'Inelastic supply' implies that 'a supply that doesn't change in response to variations in the price of that product in the market.'
- In the given situation, the builder's supply would be considered inelastic because it remains unchanged irrespective of the fall or increase in the price of the house or other factors.
Thus, option c is the correct answer.
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