The horizontal supply curve parallel to quantity axis represents

Related MCQs

• If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is:
• Supply curve represents -------- relationship between quantity and price
• Supply curve represents -------- relationship between quantity and price.
• Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is:
• If a positively sloped linear supply curve passes through the origin, the elasticity of supply is
• In a horizontal straight line demand curve, the price elasticity of demand is:
• If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:
• Classical aggregate supply curve is:
• Other things remaining the same, the quantity of a product demanded increases with ------------ in price.
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is: