McqMate

Q. |
## Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is: |

A. | Equal to zero |

B. | Equal to one |

C. | Greater than one |

D. | Constant |

Answer» C. Greater than one |

3.4k

0

Do you find this helpful?

32

View all MCQs in

Micro Economics 1No comments yet

- If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is:
- If a positively sloped linear supply curve passes through the origin, the elasticity of supply is:
- If the demand curve is linear and negatively sloped, the marginal revenue curve has a slope:
- When demand curve is rectangular hyperbola, the value of price elasticity of demand will be:
- On a linear demand curve, the coefficient of price elasticity is unity, then the value of MR will be:
- 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
- The horizontal supply curve parallel to quantity axis represents:
- By representing amounts of proceeds by all entrepreneurs along the Y axis and volumes of employment along the X-axis, we can draw--------curves.
- Supply curve represents -------- relationship between quantity and price