Match the following: Group A i) Perfectly Elastic Supply ii) Stock iii)Increase in supply iv)Perfectly Inelastic Supply v) Total Cost / Total Quantity Group B a) Vertical supply curve b) Horizontal supply curve c) Potential supply d) Rightward shift in supply curve e) Leftward shift supply curve f) Average cost

Match the following: Group A i) Perfectly Elastic Supply ii) Stock iii

1.	Match the following: Group A i) Perfectly Elastic Supply ii) Stock iii)Increase in supply iv)Perfectly Inelastic Supply v) Total Cost / Total Quantity Group B a) Vertical supply curve b) Horizontal supply curve c) Potential supply d) Rightward shift in supply curve e) Leftward shift supply curve f) Average cost
Answer» ect Elastic supply- Horizontal supply curveWhen a graph is plot for perfectly elastic supply it leads to the formation of a horizontal supply curve.ii) Stock - c) POTENTIAL supplyStock is considered as major factor on which potential supply is dependent.iii) INCREASE in supply – d) rightward shift in supply curveWhen a graph is plot for increase in supply it leads to the formation of rightward shift in supply curve.iv) Perfectly Inelastic Supply – a) Vertical supply curveWhen a graph is plot for Perfectly Inelastic Supply it leads to the formation Vertical supply curve.v) Total COST / Total Quantity - F) Average costThe formula for average cost is (Total cost)/(Total quantity).