A supply curve parallel to X axis means the product supply is

Related MCQs

• The individual demand and supply curve of a product are Dx = 12-2px, Sx=3+5px, where Px stand for price and Dx and Sc respectively stands for quantity demanded and quantity supplie(d) If there are 5000 consumers and 1000 suppliers for the product under question. What will be the equilibrium price
• A supply curve passing through any point on X axis(quantity) will have elasticity
• Supply curve passing through any point on Y axis(Price) will have elasticity
• A positive sloped supply curve for a product represents
• Which of these curve never touch X axis
• If a dealer is prepared to supply 1000 sets of a 29” Color TV if the price is `12,000 per set, however if the price raises to `15,000 he is prepared to supply 1,500 pieces. The elasticity of supply of TV set is
• Shift in Demand curve or change in Demand curve occurs due to
• Long run supply curve of a constant cost industry is
• Long run supply curve of a increasing cost industry is
• Long run supply curve of a decreasing cost industry is