The horizontal supply curve parallel to quantity axis represents:

Related MCQs

• If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is:
• Supply curve represents -------- relationship between quantity and price
• Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is:
• If a positively sloped linear supply curve passes through the origin, the elasticity of supply is:
• By representing amounts of proceeds by all entrepreneurs along the Y axis and volumes of employment along the X-axis, we can draw--------curves.
• An Indifference Curve to the right of another represents combinations which are:
• The slope of an indifference curve represents:
• The curve showing the quantity of a good that would be purchased at various income levels:
• The MC curve cuts the AC curve at
• If the demand curve is linear and negatively sloped, the marginal revenue curve has a slope: