--%>
Assignment Help - homework help

Supply curve

Select the right answer of the question. A supply curve that is a vertical straight line indicates that: A) production costs for this product cannot be calculated. B) the relationship between price and quantity supplied is inverse. C) a change in price will have no effect on the quantity supplied. D) an unlimited amount of the product will be supplied at a constant price.

   Related Questions in Microeconomics

  • Q : Purely competitive industry in long run

    When a purely competitive industry is into long run equilibrium, in that case the total: (w) costs of all the firms’ combined outputs are minimized. (x) revenues of the industry are maximized. (y) welfare of society is at its mi

    		•
  • Q : No close substitutes in monopoly When

    When Perpetual Motion Corporation’s recently-invented and patented teleporter buttons have no close substitutes, in that case Perpetual Motion operates: (1) along with absolute certainty of realizing a pure economic profit. (2) in violation of the laws of demand

    		•
  • Q : Program of Craft Unions The union based

    The union based just on workers with a specific skill, and which usually consists of apprenticeship programs which lead to ‘journeyman’ and then ‘master craftsman’ ratings is a/an: (1) Craft union. (2) Open union. (3) Company union. (4) Exclusi

    		•
  • Q : Emphasis on equality of opportunity An

    An emphasis on equality of opportunity, although not essentially equality of result, is a center-piece of a system of distribution termed as: (1) meritocracy. (2) laissez faire capitalism. (3) feudalism. (4) socialism. (5) syndicalism

    		•
  • Q : Price elasticity of demand when price

    When P = $10 for Tiny Tee-shirts, and Q = 20, but when P = $5, Q = 25. The price elasticity of demand for Tiny Tee-shirts of: (w) 3.0. (x) 1/3. (y) 1/2. (z) 21. Can anybody suggest me the proper explanation for giv

    		•
  • Q : Define demand with market supply and

    When technological advances boost market supply and total revenue both within an industry, in that case: (w) demand is relatively price elastic. (x) the industry is dominated by a monopoly. (y) patenting technological advances ensures

    		•
  • Q : Positive economic loss Can someone help

    Can someone help me in finding out the right answer from the given options. Sara left her high strain job at hospital as the neurosurgeon making $250,000 yearly to launch ‘Flowers-to-Go’, a new firm. Sara still feels similar quantity of stress; therefore s

    		•
  • Q : Limited liability of the owners I have

    I have a problem in economics on Limited liability of the owners. Please help me in the following question. The limited liability of the owners is one of the main benefits of: (i) Partnerships. (ii) Corporations. (iii) Wandering confidence schemers. (iv) Sole propriet

    		•
  • Q : Higher interest rate in saving and

    A higher interest rate shows a: (w) stronger preference for current income over future income. (x) weaker preference for current income over future income. (y) stronger preference for future income over current income. (z) wave of pessimism among inve

    		•
  • Q : Market structure of oligopoly firm

    Assume that a firm is conscious which rival firms will adjust to counter any changes in the firm’s policies and accordingly, the firm behaves strategically while this sets prices, terms to customers or output levels. That a firm is operating in a market

    		•