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If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:

A. Equal to unity

B. Less than unity

C. More than unity

D. Zero

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

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  1. If the commodity is inferior then:
  2. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  3. Utility is a function of:
  4. The production process is:
  5. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  6. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
  7. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  8. The alternative of profit maximization theory is:
  9. Short run cost curves are influenced by:
  10. Robbins definition of economics was criticised by:
  11. Ceteris paribus clause in the law of demand means:
  12. Under perfect competition, the average revenue, marginal revenue and price are shown:
  13. According to translog production function, elasticity of substitution is:
  14. Price effect occurs on the higher IC in case of:
  15. The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…
  16. The budget line is described by each of the following except:
  17. The game theory was basically presented by:
  18. The law of variable proportions comes into being when:
  19. In case of short-run, the supply curve of an industry is the horizontal summation of:
  20. Which of the following is not a U shaped curve:
  21. The main contribution of Prof.Robbins is in the field of:
  22. The main contribution of Malthus is in the field of:
  23. We can measure consumers surplus with the help of
  24. In collusive olligopoly, the firms may make:
  25. Supply curves are most elastic:
  26. If X and Y are close substitutes, a rise in the price of X will lead to:
  27. An inferior commodity is one whose quantity demand decreases when income of the consumer:
  28. After reaching the saturation point consumption of additional units of the commodity cause:
  29. In real life firms:
  30. In modern theory of costs, a firm normally utilizes: