Home ยป If the elasticity of supply is greater than one, the supply curve would be Demand and Supply MCQs If the elasticity of supply is greater than one, the supply curve would be September 27, 2022 47 Views Q. If the elasticity of supply is greater than one, the supply curve would be _______. Touching y-axisPassing through the originVerticalHorizontal Answer: Touching y-axis
The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to
