JAMB Economics 2009 Objective — Question 12

Question 12 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.

The short-run supply curve for medical doctors is more likely to be

A. perfectly elastic
B. perfectly inelasticCorrect
C. fairly inelastic
D. fairly elastic

Explanation

The short run supply of medical doctors is more likely to be perfectly inelastic because of the time period required for the training. An increase in the wages or salaries of doctors might not lead to any change in supply in the short run.

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