Determine supply curve for perfectly price-elastic

Assume that all such curves in below demonstrated graph are infinitely long straight lines. The supply curve which is perfectly price-elastic is: (1) supply curve S₁. (2) supply curve S₂. (3) supply curve S₃. (4) supply curve S₄. (5) supply curve S₅.

2243_Price Elasticity of Supply1.png

Hello guys I want your advice. Please recommend some views for above Economics problems.

View Complete Question

Related Questions in Microeconomics

Q : Social Welfare and Labor Market

The labor market functions inefficiently when labor is hired only up to a point where, for last worker: (1) VMP = w. (2) VMP minus MRC surpasses zero and is maximized. (3) P x MPPL = w. (4) Added net revenue equivalents added net cost.

Q : Comparative Advantage in opportunity

The most important declines in opportunity costs of multiple goods for the consumers and greatest rises in the value of net production for all societies everywhere tend to be realized whenever production is organized in accord by: (1) The optimal clas

Q : Marginal costs with maximizing profit

Pure competitors generate where P = MC since this: (w) is the best price and output for society. (x) maximizes combined consumer and producer surpluses. (y) is consistent along with maximizing profit at a specified price. (z) conforms to government re

Q : Constant cost industry with no barriers

When consumers eventually cannot distinguish one roasted chicken dinner from other, while roasted chicken dinners are produced into a constant cost industry, and when no barriers to entry or exit exist, so this firm’s lo

Q : Price of related good in elasticity of

How the demand for one good alters while the price of an associated good is changed is measured through the: (w) relative ratios of the slopes of the respective demands and supplies. (x) price cross elasticity of demand. (y) ratios of the respective p

Q : Highest hourly wages rate and lowest

From the given choices, in given graph Glynn would be happiest at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. 1669_Lab</span></p>
</div>

</li>

</td>
</tr><tr>
<td>

<li>
<div class=

Q : Problem on national income Can someone

Can someone help me in finding out the accurate answer from the given options. In short run, the demand for a normal good increases when: (i) Income become less uniformly distributed. (ii) The prices of complementary goods increase. (iii) National income mounts. (iv)

Discover Q & A

Leading Solution Library

Avail More Than 1436291 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1960067
Asked

3,689

Active Tutors

1436291

Questions
Answered

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

Submit Assignment