A straight-line supply curve cuts the Y-axis in its positive range. What is the elasticity of supply?

A straight-line supply curve cuts the Y-axis in its positive range. Wh

1.	A straight-line supply curve cuts the Y-axis in its positive range. What is the elasticity of supply?
Answer» <html><body><p></p>Solution :Highly elastic `(Es <a href="https://interviewquestions.tuteehub.com/tag/gt-1013864" style="font-weight:bold;" target="_blank" title="Click to know more about GT">GT</a> <a href="https://interviewquestions.tuteehub.com/tag/1-256655" style="font-weight:bold;" target="_blank" title="Click to know more about 1">1</a>)` because quantity supplied is more <a href="https://interviewquestions.tuteehub.com/tag/responsive-11248" style="font-weight:bold;" target="_blank" title="Click to know more about RESPONSIVE">RESPONSIVE</a> to the change in <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a></body></html>