What will be the price elasticity of supply if the supply curve is a positively sloped straight line?

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Solution

Es = 1 if the curve starts from the origin

Es> 1 if the curve starts from the y-axis

E<1 if the curve starts from the x-axis

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Will the supply at a point on a positively sloped, straight line supply curve be unitary elastic, elastic or inelastic ?

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What will be the price elasticity of supply if the supply curve is a positively sloped straight line?

Es = 1 if the curve starts from the origin Es> 1 if the curve starts from the y-axis E<1 if the curve starts from the x-axis

Es = 1 if the curve starts from the origin

Es> 1 if the curve starts from the y-axis

E<1 if the curve starts from the x-axis