Demand and Supply MCQs

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

September 27, 2022

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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

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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

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

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