In the diagram, above Ps is the supply curve for a particular commodity, while OP…

Economics JAMB 1987

In the diagram, above Ps is the supply curve for a particular commodity, while OP is the price which of the following statements is correct?

  • the quantity supplied is infinitely elastic checkmark
  • when price is zero, the quantity supplied infinite
  • when price is infinite, the quantity supplied zero
  • the quantity supplied is definite

The correct answer is: A

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