A perfectly inelastic supply curve will be: - Vidyadip

MCQ

A perfectly inelastic supply curve will be:

A
Parallel to $X-$axis.
✓
Parallel to $Y-$axis.
C
Downward sloping.
D
None of these.

✓

Answer

Correct option: B.

Parallel to $Y-$axis.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from The theory of the firm under perfect competition→The theory of the firm under perfect competition — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

In case of normal goods, demand curve shows:

Diminishing returns occur:

The price of good $X$ and the quantity demanded of $Y$ bear a positive relationship between each other. What could be the reason behind that?

Availability of close substitutes makes the demand:

Which of the following can be referred to as ‘point of satiety'?

When average product $($output$)$ increase, marginal product is:

Marginal product, mathematically, is the slope of the:

The law of variable proportions is drawn under all of the assumptions mentioned below except the assumption that:

Increasing returns is applicable because of $.........$

Market supply curve of perishable goods is a vertical straight line parallel to Y-axis. It happens in which of the following periods?