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If two supply curves intersect, which one has the higher price elasticity?

Answer» <html><body><p></p>Solution :The flatter supply curve is more elastic at the <a href="https://interviewquestions.tuteehub.com/tag/point-1157106" style="font-weight:bold;" target="_blank" title="Click to know more about POINT">POINT</a> of intersection as <a href="https://interviewquestions.tuteehub.com/tag/compared-7256615" style="font-weight:bold;" target="_blank" title="Click to know more about COMPARED">COMPARED</a> to the <a href="https://interviewquestions.tuteehub.com/tag/steeper-1227264" style="font-weight:bold;" target="_blank" title="Click to know more about STEEPER">STEEPER</a> curve because the flatter the supply curve, more the elasticity.</body></html>


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