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Priceelasticityof supplyis equalto one onlywhenthe supplycurveformsan angleof 45^(@)at theorigine. |
Answer» <html><body><p></p>Solution :False :Priceelasticityofsupplyis equalto <a href="https://interviewquestions.tuteehub.com/tag/oneall-2891747" style="font-weight:bold;" target="_blank" title="Click to know more about ONEALL">ONEALL</a> thecaseswhensupplycurve passesthrough the origin, irrespectiveof <a href="https://interviewquestions.tuteehub.com/tag/theangle-706318" style="font-weight:bold;" target="_blank" title="Click to know more about THEANGLE">THEANGLE</a> it <a href="https://interviewquestions.tuteehub.com/tag/makes-2811811" style="font-weight:bold;" target="_blank" title="Click to know more about MAKES">MAKES</a> <a href="https://interviewquestions.tuteehub.com/tag/withthe-1458106" style="font-weight:bold;" target="_blank" title="Click to know more about WITHTHE">WITHTHE</a> origin.</body></html> | |