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प्रश्न
Choose the correct answer from given options
If the supply curve is a straight line parallel to the vertical axis (Y-axis), supply of the good is called as _________.
विकल्प
Unitary Elastic Supply
Perfectly Elastic Supply
Perfectly Inelastic Supply
Perfectly Elastic Demand
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उत्तर
If the supply curve is a straight line parallel to the vertical axis (Y-axis), supply of the good is called as Perfectly Inelastic Supply.
Hence, the correct answer is option Perfectly Inelastic Supply.
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संबंधित प्रश्न
When does 'shift' in supply curve take place?
What is 'change in supply'? Explain the effect of tax imposed on a good on the supply of the good.
Which of the following does not cause shift of supply curve of a good?
(Choose the correct alternative)
(a) Price of input
(b) Price of the good
(c) Goods and services tax
(d) Subsidy
Fill in the blank.
If the market supply of a commodity X changes due to improvement in technology, the market supply curve will ___________.
Fill in the blank.
If the market supply of a commodity X changes due to a rise in the price of factor input, the market supply curve will ____________.
Which one of the following will cause a rise in the equilibrium price of rice when the demand for rice remains the same?
An increase in the number of firms in the market causes a rightward shift in the market supply curve, but the individual supply curve may shift leftward. Justify the statement.
When does an expansion of supply occur?
What causes a shift of the supply curve?
What does a rightward shift in the supply curve represent?
Which factor will likely cause a decrease (left shift) in supply?
What best describes contraction of supply?
If input costs rise, what happens to the supply curve?
Which is NOT a factor causing a supply curve shift?
If producers expect prices to fall in the future, what is the likely result?
