In the diagram P1 S is a supply curve for a manufactured. it is shows…

Home » Past Questions » Economics » Jamb » 1983 » In the diagram P1 S is a supply curve for a manufactured. it is shows…
Economics JAMB 1983

In the diagram P1 S is a supply curve for a manufactured. it is shows that

  • when price is OP1 quantity supplied is infinitely elastic checkmark
  • the higher the price the greater the quantity supplied
  • the higher the price the lower the quantity supplied
  • when price is zero quantity supplied becomes infinite
  • when price is infinite quantity supplied becomes zero

The correct answer is: A

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment