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

What is the correct answer?


If a straight line supply curve passes through the point of origin O, the elasticity of supply is:

A. Zero

B. Infinity

C. Unity

D. More than unity

Related Questions

The Purchasing Power Parity (PPP) Theory is presented by: In first degree price discrimination, monopolist takes away : Contraction of demand means: A firm considering what type of new plant to build is involved in a: On all points of budget (price) line: The Chamberline model recognizes mutual: The real income of a consumer is income in terms of: Labor Saving Technological Progress can be defined as: Marginal Productivity Theory deals with the theory of: The marginal revenues are derivatives of: When was Adam Smiths major work An Enquiry into the Nature and Causes… Total utility and price are: A firm in a position of equilibrium is supposed to be maximizing: In monopolistic competition, the real differentiation in products is due… If two goods are perfect substitutes then IC will be: The necessary condition of firms equilibrium requires: A firm can never produce in the middle area of input space, in case of: Law of Variable Proportions is regarding in: If as a result of a decrease in price, total outlay (expenditures) on… In monopolistic competition, the firms have to face: In case of monopoly, when total revenue is maximum: The long run average cost curve is: In real life, brand loyalty is a barrier to: The indifference curve technique: For the given production function, technical inefficiency is defined as: The games which played by players again and again are called: A demand curve is not related to: The basic subject matter of economics is: Excess capacity is concerned with the: J.R.Hicks was: