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Theory of Supply — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsTheory of Supply1 Mark
MCQ
When there is no change in price, but quality supplied changes, it implies a situation of _________.
  • A
    Relatively elastic supply
  • B
    Relatively in elastic supply
  • C
    Perfectly inelastic supply
  • ✓
    Perfectly elastic supply
✓

Answer

Correct option: D.
Perfectly elastic supply
D

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