Amount of output supplied and price elasticity of supply

The amount of output supplied is exactly proportional to the price therefore the price elasticity of supply equivalents one into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

1062_Slope and Price Elasticity of Supply.png

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Microeconomics

Q : Features of Monopoly Features of

Features of Monopoly: A) A Single seller B) No close replacement available. C) No freedom for entry of new firms. D) Possibility of price discrimination.

Q : Example of Industrial Unions Can

Can someone please help me in finding out the accurate answer from the following question. The United Auto Workers (or UAW) is an illustration of the: (1) Industrial union. (2) Company union. (3) Mechanical union. (4) Craft union.

Q : Question on ATC and MC A perfectly

A perfectly competitive market within the long period: Data firm A: ATC = y2 4y + 12 an

Q : Llustration of the problem of Moral

Can someone please help me in finding out the accurate answer from the following question. Failing to lock your door whenever you go out since you have theft insurance is an illustration of the trouble of: (1) Indifference. (2) Apathy. (3) Moral hazard. (4) Market pow

Q : Explain facing horizontal line by

When the demand curve facing a firm is a horizontal line, then there demand is perfectly: (w) elastic at each quantity. (x) inelastic where quantity demanded is zero. (y) insensitive to the price of good. (z) unresponsive to changes within the prices

Q : Income elasticity-distribution and

The time people focus upon politics and government policies tends to be income elastic. Nonetheless, high wage rates raise the opportunity costs of voting. Mutually, these facts suggest that, which relative to wealthier or higher-income people and low

Q : Constant cost industry in competitive

When brick-making is a constant cost industry, during the long run this firm is probable to experience: (i) a severe shrinking of economic profit to zero. (ii) a decline in the price of bricks to approximately eight cents apiece. (iii) increased compe

Discover Q & A

Leading Solution Library

Avail More Than 1446027 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1958055
Asked

3,689

Active Tutors

1446027

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment