If the proportionate change in the supply is equal to the proportionate change in price, it is said to be _______ supply.

Related MCQs

• When the price elasticity of demand is equal to one, the demand curve is
• The relationship between money supply and price level is
• The money supply affects the rate of interest; when the money supply increases, rate of interest will be decreased. It is explained by _____________
• According to the ‘Law of Demand, demand varies ________ with price.
• When the price of a complementary product falls, the demand for the other product will ___
• Income minus Savings is equal to ___________
• In the case of rare coins, supply curve will be
• The supply curve always slopes ___________
• When two or more different goods are produced together by a single firm, it is called as _________ supply.