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In the diagram, above Ps is the supply curve for a particular commodity, while OP...

Economics
JAMB 1987
In the diagram, above Ps is the supply curve for a particular commodity, while OP is the price which of the following statements is correct?
  • A. the quantity supplied is infinitely elastic
  • B. when price is zero, the quantity supplied infinite
  • C. when price is infinite, the quantity supplied zero
  • D. the quantity supplied is definite
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Correct Answer: Option A
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