Question 0Question image

In the diagram P1 S is a supply curve for a manufactured. it is shows that

  • A.when price is OP1 quantity supplied is infinitely elastic
  • B.the higher the price the greater the quantity supplied
  • C.the higher the price the lower the quantity supplied
  • D.when price is zero quantity supplied becomes infinite
  • E.when price is infinite quantity supplied becomes zero
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1983
Question no.
#0
Type
Objective

More from this paper

See all Economics 1983 questions