If there are two supply curves which intersect each other, which supply curve has greater elasticity of supply. Explain.

If there are two supply curves which intersect each other, which suppl

1.	If there are two supply curves which intersect each other, which supply curve has greater elasticity of supply. Explain.
Answer» <html><body><p></p>Solution :If <a href="https://interviewquestions.tuteehub.com/tag/two-714195" style="font-weight:bold;" target="_blank" title="Click to know more about TWO">TWO</a> supply curves are intersecting each other, then the flatter supply curve will have more elasticity than the steeper supply curve. <br/> It is clear from the diagram that the effect of 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> form OP to `OP_(1)` is more of flatter supply curve SS as `OQ_(<a href="https://interviewquestions.tuteehub.com/tag/2-283658" style="font-weight:bold;" target="_blank" title="Click to know more about 2">2</a>)gtOQ_(1)`. <br/> Hence, it is proved that at the point of <a href="https://interviewquestions.tuteehub.com/tag/intersection-1049849" style="font-weight:bold;" target="_blank" title="Click to know more about INTERSECTION">INTERSECTION</a> of supply curves, flatter the curve, more elastic it is. <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/MIC_ECO_XI_U03_C09_E01_036_S01.png" width="80%"/></body></html>