Will the supply at a point on a positively sloped, straight line supply curve be unitary elastic, elastic or inelastic ?
What will be the price elasticity of supply if the supply curve is a positively sloped straight line?
Column-I
Column-II
(a)
Velocity-time graph
(p)
Slope→negative
(b)
Acceleration-time graph
(q)
(c)
Displacement-time graph
(r)
Slope→zero
(a) Why is demand curve of foreign exchange negatively sloped?
(b) Why is supply curve of foreign exchange positively sloped?