MCQ
Examples for perishable goods
- ATelevision, furniture
- BTable, chair
- ✓Fish, fruits, flowers
- DVehicles, capital goods
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| a) | Fourth plan | 1) | 1951-1956 |
| b) | Second plan | 2) | 1969-1974 |
| c) | First plan | 3) | 1956-1961 |
| d) | Third plan | 4) | 1961-1966 |
| a) | Unitary elastic supply | 1) | Es =0 |
| b) | Relatively inelastic supply | 2) | Es =1quad |
| c) | Perfectly inelastic supply | 3) | Es < 1 |
| d) | Perfectly elastic supply | 4) | Es =alpha |