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

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Solution

Es= 1, i.e., unitary elastic at any point on the supply curve if it touches the origin when extended.

Es > 1, i.e., elastic at any point on the supply curve if it touches the Y - axis when extended.

Es < 1, i.e., inelastic at any point on the supply curve if it touches the X- axis when extended.

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Similar questions

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

Q. Write True or False with a reason.
If a straight line upward sloping supply curve shoots from the origin, elasticity of supply is always equal to one.

Q. Write True or False with a reason.
If a straight line upward sloping supply curve shoots from the Y-axis, elasticity of supply

< 1

Show with the help of a diagram, the effect on equilibrium price and quantity when:
(i) Demand is perfectly elastic and supply decreases.
(ii) Supply is perfectly inelastic and demand increases.
(iii) The demand curve is perfectly elastic and the supply curve shifts outwards.

Q. Write True or False with a reason.
If elasticity of supply

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

Es= 1, i.e., unitary elastic at any point on the supply curve if it touches the origin when extended. Es > 1, i.e., elastic at any point on the supply curve if it touches the Y - axis when extended. Es < 1, i.e., inelastic at any point on the supply curve if it touches the X- axis when extended.

Es= 1, i.e., unitary elastic at any point on the supply curve if it touches the origin when extended.

Es > 1, i.e., elastic at any point on the supply curve if it touches the Y - axis when extended.

Es < 1, i.e., inelastic at any point on the supply curve if it touches the X- axis when extended.