Given below are certain facts. Choose the correct one(s). The tendency of the market to move towards the equilibrium, is known as market equilibrium. The demand curve is usually upward sloping. The supply curve is usually downward sloping. Price elasticity of supply is calculated as the percentage change in quantity supplied to the percentage change in price.

Given below are certain facts. Choose the correct one(s).

1. The tendency of the market to move towards the equilibrium, is known as market equilibrium.
2. The demand curve is usually upward sloping.
3. The supply curve is usually downward sloping.
4. Price elasticity of supply is calculated as the percentage change in quantity supplied to the percentage change in price.

1). A and C
2). B and D
3). Only A
4). Only D

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