A straight-line supply curve will be inelastic: a. if it intersects the price axis above 0 b. if it intersects the quantity axis past 0 c on some parts of the curve, but not others d. only if it crosses through the origin
A straight-line supply curve will be inelastic: a. if it intersects the price axis above 0 b. if it intersects the quantity axis past 0 c on some parts of the curve, but not others d. only if it crosses through the origin
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 6SQ
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A straight-line supply curve will be inelastic:
a. if it intersects the
b. if it intersects the quantity axis past 0
c on some parts of the curve, but not others d. only if it crosses through the origin
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