Multiple Choice
A given supply curve has a zero intercept.At the current equilibrium price the price elasticity of supply equals
A) 1.
B) 0.
C) 2.
D) Not enough information.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q44: Explain why short-run demand for frozen fish
Q45: The supply of movie tickets at one
Q46: If the supply curve is perfectly inelastic
Q47: Suppose that a specific tax of $3
Q48: Suppose the market for grass seed can
Q50: The elasticity of demand for employees is
Q51: Suppose that a specific tax of $3
Q52: Only in the case of perfectly inelastic
Q53: The market demand for wheat is Q
Q54: The short-run price elasticity of demand for