If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:

Related MCQs

• A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity:
• Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is:
• If the demand curve is linear and negatively sloped, the marginal revenue curve has a slope:
• Relation between price of a commodity and demand for another commodity is measured by:
• An increase in the price of the commodity when demand is inelastic causes the total expenditure of consumers of the commodity to:
• If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
• A fall in the price of the commodity holding everything else constant results in:
• If the percentage increase in the quantity demanded of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity:
• 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: