--%>

Relatively elasticity in supply curve

At point a, in below figure the supply curve into this graph: (w) perfectly elastic. (x) relatively elastic. (y) unitarily elastic. (z) relatively inelastic.

298_Price Elasticity of Supply3.png

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Determining type of good An increase in

    An increase in the income of Consumer X leads to fall in demand for that good by that consumer. Name the good X termed? Answer: Inferior good

  • Q : What is the sum of market demand for a

    I have a problem in economics on what is the sum of market demand for a good. Please help me in the following question. The other things constant, market demand for the good is a sum of: (i) Firm’s utility-maximizing decisions. (ii) Amounts dema

  • Q : Experience decreasing costs industry If

    If one industry’s development stimulates development in support and complementary industries, it permits firms within the industry to: (i) move up their rising long run average costs curves. (ii) sell their products for higher prices. (iii) focus old technologie

  • Q : Determine Gini index in Loren curve

    Since lifetime earning patterns differ, in that case the Gini index will: (1) continue to rise over time. (2) never reach zero or perfect equality. (3) remain constant. (4) surpass 100 in the near future. (5) be lower for developing countries than for

  • Q : Illustration of limit pricing strategy

    An illustration of limit pricing strategy occurs while the incumbent firm: (w) sets a price below costs to drive its competitor out of the market. (x) redesigns its product lines to create components incompatible along with rivals. (y) which has a cos

  • Q : Why are buyers and sellers forced to be

    Several buyers and sellers are forced to be price-takers since: (w) vigorous competition maintains individuals from noticeably influencing the market. (x) only monopoly firms adjust quantities. (y) markets adjust slowly. (z) quantity adjustment is not

  • Q : Comparison of competitive and

    If compared to competitive advertising, in that case informative advertising tends to: (1) help consumers make more satisfying choices. (2) be a waste of resources. (3) increase transaction costs. (4) be less efficient than competitiv

  • Q : Shutdown point in minimum revenue for

    The minimum revenue which will induce a firm to produce a specified output in place of shutting down into the short run is the: (a) maximum such consumers are willing to pay for that output. (b) total variable cost of producing such output. (c) short-

  • Q : Product differentiation through

    Firms are not only trying to differentiate their products within the minds of consumers while: (1) main networks launch comparable programs to mimic successful “reality TV” shows. (2) beer advertisers feature wild parties in TV advertisements. (3) a deterg

  • Q : Natural barriers to entry A monopoly

    A monopoly may emerge naturally while: (w) increasing costs happen quickly relative to market demand. (x) at low levels of output, disutilities of scale are encountered. (y) economies of scale are substantial relative to market demand. (z) variable co