Question

Identify the correctly matched pair of the items in Column A to that of Column B.

Column A	Column B
1. Unitary elastic supply curve	(a) U-shaped supply curve
2. Relatively elastic supply curve	(b) Vertical line parallel to Y-axis
3. Perfectly elastic supply curve	(c) Horizontal line parallel to X-axis.
4. Perfectly inelastic supply curve	(d) Downward sloping supply curve

विकल्प

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

2 - (b)

Explanation:

The supply curve is a horizontal line parallel to the x-axis that refers to goods with an infinity price elasticity of supply value.