A supply curve parallel to the X-axis indicates
...A supply curve parallel to the X-axis indicates
Fairly elastic supply
Infinitely elastic supply
Fairly inelastic supply
Perfectly inelastic supply
Correct answer is B
Infinitely elastic supply curve is parallel to the x-axis i.e at a fixed price, there is change in quantity supplied. es = ∞
Which of the following will not increase the population of a country? ...
Commercial bank reserves at the Central Bank have the effect of ...
Capital earns income because? ...
The short-run equilibrium output for a monopolist is determined by the ...
When elasticity is zero, demand curve is ...
Government uses all of the following ways to redistribute income, except ...
Which of the following statements does NOT describe a situation of perfect competition? ...