A supply curve cutting quantity axis in its positive range has highly

1.	A supply curve cutting quantity axis in its positive range has highly elastic supply.
Answer» SOLUTION :False. The supply CURVE, which cuts quantity axis (X-axis) in its POSITIVE range has inelastic supply asin this case, the supply curve tends to be vertical or parallel to y- axisSo , no matter how much price CHANGES , the quantity will not GET affected.

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