If the supply curve is not a straight line but curvilinear, the elasticity on all points of the supply curve is:

A. Equal

B. Different

C. Zero

D. Infinity

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

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  1. If the price of Pepsi Cola goes down, you would predict:
  2. The optimal strategy for a player is termed as:
  3. If a person behaves against the laws of economics then:
  4. Market allocation fundamentally relies upon:
  5. We can measure consumers surplus with the help of
  6. A decrease in demand lowers the price the most:
  7. If there are many firms producing similar but differentiated products, the competition is generally…
  8. The vertical demand curve for a commodity shows that its demand is:
  9. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  10. Under competitive conditions, the industry will be in equilibrium:
  11. When elasticity of demand is one (e=1), then following the formula MR=P[1-1/e], the MR will:
  12. A profit-maximizing monopolist in two separate markets will:
  13. Under monopoly and imperfect competition MC is:
  14. External economies are witnessed in:
  15. Marginal utility equals:
  16. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  17. The number of firms in monopolistic competition normally range between:
  18. In Edgeworth model, prices oscillate between:
  19. In respect of which of the following category of goods is consumers surplus highest?
  20. The game theory concentrates on:
  21. Which of the following is not a feature of isoproduct curves?
  22. In the case of an inferior commodity, the income-elasticity of demand is:
  23. If the marginal utility is divided by the price of the commodity then it is called:
  24. Ceteris paribus clause in the law of demand means:
  25. Contraction of demand means:
  26. A monopoly producer has:
  27. A firm will be in equilibrium when the lowest isocost is:
  28. When was Adam Smiths major work An Enquiry into the Nature and Causes of Wealth of Nations published?
  29. An indifference curve shows the bundles of two goods among which a consumer remains:
  30. The engineering production function and engineering costs curves are concerned with the: