Question 32


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 is infinitely elastic
  • B.When the price is zero, the quantity supplied infinitely
  • C.When the price is infinite, the quantity supplied zero
  • D.The quantity supplied in indefinite
Objective

Question details

Exam body
NDA
Subject
Economics
Year
2015/2016
Question no.
#32
Type
Objective

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