Answered: If the elasticity of supply is greater…

If the elasticity of supply is greater than one, the supply curve wouldbe____ what is the correct answer? Vertical Passing through the origin Touching y-axis Horizontal

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 36P: The equation for a supply curve is P=3Q8. What is the elasticity in moving from a price of 4 to a...

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Question

If the elasticity of supply is greater than one, the supply curve wouldbe____

what is the correct answer?

Vertical

Passing through the origin

Touching y-axis

Horizontal

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