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| 1. |
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» Solution : All the THREE curves: A, B and C will have unitary elastic SUPPLY as they all are PASSING through the origin. | |