1.

Priceelasticityof supplyis equalto one onlywhenthe supplycurveformsan angleof 45^(@)at theorigine.

Answer»

Solution :False :Priceelasticityofsupplyis equalto ONEALL thecaseswhensupplycurve passesthrough the origin, irrespectiveof THEANGLE it MAKES WITHTHE origin.


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