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| Q. |
If the supply curve is a straight line passing through the origin, then the price elasticity of supply will be - |
| A. | less than unity |
| B. | infinitely large |
| C. | greater than unity |
| D. | equal to unity |
| Answer» D. equal to unity | |
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Explanation: Any straight line supply curve passing through the origin has an elasticity of supply equal to 1. The different types of price elasticity of supply are listed below: |
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