Saved Bookmarks
| 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. | |