Home
Earn $100 Online Daily. Work From Home. Click Here

What is the correct answer?

4

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

Share this question with your friends
Correct Answer :

A. Price of the commodity


Related Questions

When a competitive firm is in equilibrium in the long-run, its output… The difference between average total cost and average fixed cost shows: In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E : In non-constant sum game (non-zero sum game), if there are two parties… According to Leontief technology, there: The slope of an iso-quant represents: If Marginal Utility (MU) is zero, then total utility is: The study of economic theory for the sake of certain objective is called: The Substitution Effect (S.E) is always: When the income of consumer increases then budget line will: Isocost line shows the combinations of labor and capital where a firms… The firm in cournot model: Nash equilibrium says: A firm will be in equilibrium when the lowest isocost is: In monopolistic competition, the firms face: The difference between laws of return and laws of return to scale is: A producer attains the least cost combination when the relation between… The slutsky demand curve includes: By saying that monopolist create a contrived scarcity, economist mean… Supply of commodity is a: In case of economic bads, an IC can be : The CES production function shows: If less is demanded at the same price or same quantity demanded at a lower… Under monopolistic competition, the products sold by the firms are: In Prisoner Dilemma, the best choice of strategy is: The right of individuals to control productive resources is known as: Traditionally, the study of determination of price is called: In the immediate run: Cross-elasticity of demand or cross-price elasticity between two independent… If regardless of changes in its price, the quantity demanded of a commodity…

Also checkout

Biology and Human Welfare MCQ Airport Engineering MCQ Theory of Machines MCQ English Grammer MCQ Electro-Chemistry MCQ Puzzle MCQ Simple Interest MCQ Surds and Indices MCQ Rearrangement Set 7 MCQ Building Construction MCQ Neuromuscular bladder dysfunctions MCQ Networking MCQ