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

Related MCQs

• 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