In the diagram, above PS is the supply curve for a p...
In the diagram, above PS is the supply curve for a particular commodity, while OP is the price which of the following statements is correct?
The quantity supplied is infinitely elastic
When price is zero, the quantity supplied infinite
When price is infinite, the quantity supplied zero
The quantity supplied is definite
Correct answer is A
No explanation has been provided for this answer.
Similar Questions
A measure for preventing the external value of the naira from falling is for the government to ...
The advantages that accrue to a firm as the size of the firm increases are known as ...
The main function of price mechanism is to ...
If the standard deviation of a given data is 53, what is the variance? ...
A change in demand for a normal goods implies that, there is a ...
The basic idea behind brand differentiation under an imperfect market arrangement is to ...
The most dominant economic activity which employs the largest number of people in West Africa is ...