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What is the price elasticity of supply of a commodity whose straight line supply curve passes through the origin forming an angle of 75^(@)? |
Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/unitary-3246772" style="font-weight:bold;" target="_blank" title="Click to know more about UNITARY">UNITARY</a> <a href="https://interviewquestions.tuteehub.com/tag/elastic-967540" style="font-weight:bold;" target="_blank" title="Click to know more about ELASTIC">ELASTIC</a> `(E_(s)= 1)`because it is passing through the origin , no matter what <a href="https://interviewquestions.tuteehub.com/tag/angle-875388" style="font-weight:bold;" target="_blank" title="Click to know more about ANGLE">ANGLE</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>.</body></html> | |