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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 | |
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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