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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

Correct Answer : A.


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  12. Total variable cost curve:
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  21. In Revealed Preference Theory, a consumer reveals preference for bundle of:
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  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 :
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  28. Least cost combination of two factor inputs is achieved at a point where:
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