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Producer Behaviour and Supply Test - 7

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Producer Behaviour and Supply Test - 7
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  • Question 1
    1 / -0

    Supply curve shifts forward due to:

  • Question 2
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    Subsidy is offered to the producers:

  • Question 3
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    When a straight line positively sloped supply curve starts from the point of origin:

  • Question 4
    1 / -0

    If Es = 1, what will be percentage change in supply as a result of 12 per cent change in price of a commodity?

  • Question 5
    1 / -0

    When supply curve is parallel to X-axis, elasticity of supply will be:

  • Question 6
    1 / -0

    In case of Es = 1:

  • Question 7
    1 / -0

    When supply curve starts from Y-axis, elasticity of supply is:

  • Question 8
    1 / -0

    When supply curve is a vertical straight line parallel to Y-axis, elasticity of supply will be equal to:

  • Question 9
    1 / -0

    Over a longer period of time, elasticity of supply will be:

  • Question 10
    1 / -0

    Elasticity of supply of perishable vegetables brought to the market by the small farmers is:

  • Question 11
    1 / -0

    In case of infinite elasticity of supply, supply curve will be:

  • Question 12
    1 / -0

    When slope of supply curve = ∞, the elasticity of supply is:

  • Question 13
    1 / -0

    When Es = 1.6, supply is:

  • Question 14
    1 / -0

    When the price of a commodity rises from ₹ 4 to ₹ 5 per unit, its quantity supplied rises from 100 units to 120 units, its price elasticity of supply is:

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