Gkseries in Demand and Supply MCQs

If the elasticity of supply is greater than one, the supply curve would be

Q. If the elasticity of supply is greater than one, the supply curve would be _______.

Touching y-axis
Passing through the origin
Vertical
Horizontal

Answer: Touching y-axis

Next Read: In a particular year, the farmers experienced dry weather. If all other factors remain the same, the supply curve of wheat for farmers will shift to the ________ direction »

Demand and Supply MCQs

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