Question 0Question image

In the diagram, above Ps is the supply curve for a particular commodity, while OP is the price which of the following statements is correct?

  • A.the quantity supplied is infinitely elastic
  • B.when price is zero, the quantity supplied infinite
  • C.when price is infinite, the quantity supplied zero
  • D.the quantity supplied is definite
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1987
Question no.
#0
Type
Objective

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