If the proportionate change in the supply is equal to the proportionate change in price, it issaid to be _______ supply.

Question:

If the proportionate change in the supply is equal to the proportionate change in price, it issaid to be _______ supply.

A.

Unitary Elastic

B.

Perfectly Inelastic

C.

Perfectly Elastic

D.

Relatively Inelastic

Answer» a. Unitary Elastic

Note: The above multiple-choice question is for all general and Competitive Exams in India

Medium range forecasting is useful in:

Question:

Medium range forecasting is useful in:

A.

To assess the loading capacity of the machine

B.

To purchase a materials for next month

C.

To plan for-capacity adjustments

D.

To decide whether to receive production orders or not.

Answer» c. To plan for-capacity adjustments

Note: The above multiple-choice question is for all general and Competitive Exams in India