Demand and Supply MCQs

If elasticity of supply is greater than one. Supply curve will be

September 27, 2022

44 Views

If elasticity of supply is greater than one. Supply curve will be

Q. If elasticity of supply is greater than one. Supply curve will be:

A. Horizontal

B. Vertical

C. Passing through origin

D. Touching y-axis

Answer: Touching y-axis

If elasticity of supply is greater than one. Supply curve will be

Previous

During a particular year farmers experienced a dry weather, if all other factors remain constant, farmers supply curve for wheat will shift to

If elasticity of supply is greater than one. Supply curve will be

Next

When supply of a commodity increases without change in price it is called

Tags: Demand and Supply MCQs

Related Articles

The term 'normal profit' as used in the analysis of equilibrium of the firm under perfect competition, refers to

The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to

According to Joseph Schumpeter, profit is the reward for

According to Joseph Schumpeter, profit is the reward for

Who argued that pure profit can arise only in a dynamic economy?

Who argued that pure profit can arise only in a dynamic economy?

The classical theory explained interest as a reward for

The classical theory explained interest as a reward for

We will be happy to hear your thoughts

Leave a reply Cancel reply