Determinants of Elasticity of Supply - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2016

The price elasticity of supply of perishable goods is_________?

A. Elastic
B. Unitary
C. Inelastic
D. Zero

Question 7:

• JAMB 2014

From the table above, Calculate the price elasticity of supply

A. 0.50
B. 0.80
C. 2.00
D. 1.25

Question 8:

• JAMB 1985

Study the figure above. At paint H the price elasticity of supply is

A. Perfectly inelastic
B. Inelastic
C. Unit elastic
D. Perfectly elastic
E. Elastic

Question 9:

• JAMB 1999

The determinants of elasticity include?

A. Price, time and availability of alternatives
B. Technology and cost of production
C. Time and availability of alternatives
D. Price, time and technology changes

Question 10:

• JAMB 2002

The elasticity of supply of perishable goods is?

A. Unitary
B. Inelastic
C. Zero
D. Elastic