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
Correct Answer:
Verified
Q15: Net addition to total cost is called:
A)marginal
Q16: The market equilibrium for a commodity is
Q17: When there are only few sellers of
Q18: If the supply curve of the commodity
Q19: From the position of stable equilibrium, the
Q21: In which of the following market, advertisement
Q22: -------------- cost can never become zero.
A)variable cost
B)fixed
Q23: If a positively sloped linear supply curve
Q24: If a positively sloped linear supply curve
Q25: Average cost is the sum of AVC
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