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Question Practice

In what situation is the price elasticity of supply equal to one?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

In what situation is the price...

Single Answer MCQ
Q-00089589

In what situation is the price elasticity of supply equal to one?

1

When the supply curve is vertical

2

When quantity supplied is highly responsive to price

3

When the supply curve passes through the origin

4

When supply is completely inelastic

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