If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is:

Related MCQs

• The horizontal supply curve parallel to quantity axis represents:
• Supply curve represents -------- relationship between quantity and price
• When demand curve is rectangular hyperbola, the value of price elasticity of demand will be:
• For complementary goods, the cross elasticity of demand:
• When Q = f (P), the elasticity coefficient is measured by:
• Income elasticity of demand for inferior goods is:
• In the case of luxury goods, the income elasticity of demand will be:
• Income elasticity is positive, but less than unity in the case of:
• If the income elasticity of demand is greater than one, then the commodity is:
• Cross elasticity of demand in the case of substitutes: