Question 36


In the diagram above, PS is the supply curve for a particular commodity, when OP is the price.
Which of the following statement is correct?

  • A.When price is zero, the quantity supplied infinite
  • B.The quantity is elastic
  • C.The quantity supplied infinite
  • D.When a price is infinite, the quantity supplied is zero
Objective

Question details

Exam body
NDA
Subject
Economics
Year
2018/2019
Question no.
#36
Type
Objective

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