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There are three different supply curves passing through the origin. Curve A makes an angle of 60^(@) Curve B makes an angle of 45^(@) and curve C makes an angle of 30°. What will be the price elasticily of curves A, B and C? |
Answer» <html><body><p></p>Solution : All the <a href="https://interviewquestions.tuteehub.com/tag/three-708969" style="font-weight:bold;" target="_blank" title="Click to know more about THREE">THREE</a> curves: A, B and <a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a> will have unitary elastic <a href="https://interviewquestions.tuteehub.com/tag/supply-1235254" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPLY">SUPPLY</a> as they all are <a href="https://interviewquestions.tuteehub.com/tag/passing-1148520" style="font-weight:bold;" target="_blank" title="Click to know more about PASSING">PASSING</a> through the origin.</body></html> | |