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Elasticity of supply means change in supply due to change in:

A. Price of the commodity

B. Conditions of supply

C. Taste of the consumer

D. Demand for the commodity

Please do not use chat terms. Example: avoid using "grt" instead of "great".

You can do it
  1. Which of the following statement is wrong?
  2. A normal profit is:
  3. If the commodities X and Y are perfect substitutes then:
  4. Total costs are:
  5. In monopolistic competition, the individual demand curve is also known as:
  6. Perfect competition implies:
  7. The difference between average total cost and average fixed cost shows:
  8. Price-taker firms:
  9. In income effect, we:
  10. When a consumer is in equilibrium then slope of indifference curve is:
  11. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  12. Total variable cost curve:
  13. Which is the first-order condition for the profit of a firm to be maximum?
  14. An individual consumers demand is not determined by:
  15. When total revenue (TR) falls in monopoly then elasticity of demand is:
  16. If the demand curve is vertical then its slope is:
  17. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  18. Production indifference curve (isoquant) is a curve which shows:
  19. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  20. After reaching the saturation point consumption of additional units of the commodity cause:
  21. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  22. A mixed economy is characterized by the coexistence of:
  23. The expansion point is attained by joining:
  24. If Marginal Utility (MU) is zero, then total utility is:
  25. In case of economic bads, an IC can be :
  26. Variable cost includes the cost of:
  27. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  28. Least cost combination of two factor inputs is achieved at a point where:
  29. Which of the following is not a property of indifference curve?
  30. The supply curve would probably shift to the right if: