The newest Consult Agenda illustrates ________ matchmaking ranging from speed and you may quantity necessary

The newest Consult Agenda illustrates ________ matchmaking ranging from speed and you may quantity necessary

268. Perishable products can get ________. (a) Perfectly elastic bend (b) Really well inelastic curve (c) Flexible (d) Inelastic Answer: (b) Really well inelastic curve

269. A straight supply bend parallel to help you Y-axis means the newest suppleness out-of also provide are: (a) No. (b) Infinity. (c) Comparable to that. (d) Greater than no but lower than infinity. Answer: (a) Zero.

270. A horizontal also have contour parallel towards the wide variety axis implies that the flexibility out of also provide is: (a) No. (b) Infinite. (c) Equal to that. (d) More than zero however, lower than that. Answer: (b) Unlimited.

271. In the event the percentage change in likewise have are less than new fee improvement in price it’s called ________. (a) Device flexibility out of also provide. (b) Well flexible. (c) Much more flexible supply. (d) Inelastic have. …