--%>

Find supply when slope of supply curve passes by origin

When the slope of a supply curve which goes through the basis equals one, supply is: (w) price elastic. (x) price inelastic. (y) unitarily price elastic. (z) indeterminate like to elasticity without more information.

Hey friends please give your opinion for the problem of Economic that is given above.

   Related Questions in Microeconomics

  • Q : Labor Force Participation Rates The

    The percentage of a specified population who are either unemployed or employed is termed as the: (1) labor force participation rate. (2) work-force proportion. (3) labor supply. (4) substitution effect dominance rate. (5) income-leisure loss curve.

    Q : Inequality in the distribution of income

    Increased inequality within the distribution of income into the United States since around 1975 is least attributable to: (1) baby boomers becoming adults. (2) a shift from manufacturing to service industries. (3) the rising percentage of households h

  • Q : Levels of output by monopolistic

    Monopolistic competitors generate levels of output which are: (w) more than socially optimal and equitable. (x) economically efficient. (y) where marginal social benefits exceed marginal social costs. (z) certain to generate economic profits.

  • Q : Instance Diminishing Marginal Utility

    Assume that you were permitted to eat as many ‘free’ jelly beans as you want at present. Subsequent to a few, you start to eat more slowly and to select some flavors over others. You might ultimately stop eating a ‘free’ and enjoyable good sinc

  • Q : Problem on demand-Purchasing goods I

    I have a problem in economics on demand-Purchasing goods. Please help me in the following question. The quantity of good consumers will purchase beneath different conditions are termed as consumer: (i) Requirements. (ii) Entitlements. (iii) Wants. (iv

  • Q : Determine competitive price of purely

    In this demonstrated figure purely competitive lumber mill’s generic 2×4s now sell for: (1) $3.60 each. (2) $3.00 each. (3) $2.70 each. (4) $2.40 each. (5) $2.10 each.

    Q : Reform or revision of the welfare system

    The most important reform / revision of the welfare system within the past half century occurred throughout the administration of President as: (1) Richard Nixon [1971]. (2) Jimmy Carter [1978]. (3) Ronald Reagan [1984]. (4) Bill Clinton [1996]. (5) G

  • Q : Monopolistic Exploitation Can someone

    Can someone help me in finding out the right answer from the given options. In the equilibrium for a price maker firm, the rate of monopolistic exploitation is any difference among: (i) P and MR. (ii) P and MC. (iii) VMP and MRP. (iv) Output price and rate of monopson

  • Q : Occurrence of equilibrium in the

    Long-run equilibrium occurs while: (w) MR = MC > P (x) P = MC = MR = ATC (y) ATC > P = MC(z) P = MR = MC = AFC I need a good answer on the topic of Economics problems. Please give me yo

  • Q : Quantity demanded and goods price The

    The law of demand defines that there is a negative relationship among: (1) A good’s price and quantity demanded. (2) Limitless demands and inadequate resources. (3) The quantities demanded and supplied. (4) People’s income and demands for