Change in quantity supplied of a product can result from

Related MCQs

• If a small change in price leads to infinitely large change in quantity demanded, then the demand is:
• There is ------- relationship between price and quantity supplied
• Other things remaining the same, the quantity of a product demanded increases with ------------ in price.
• When marginal product reaches its maximum, what can be said of total product?
• When average product is at a maximum, marginal product is:
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is:
• If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is:
• The horizontal supply curve parallel to quantity axis represents
• Supply curve represents -------- relationship between quantity and price
• Supply curve represents -------- relationship between quantity and price.