A straight-line supply curve cuts X-axis in its positive range. What c – InterviewSolution

1.	A straight-line supply curve cuts X-axis in its positive range. What can you say about the elasticity of supply ? OR What is the price elasticity of supply of a straight line supply curve touching the OX-axis?
Answer» Less elastic `(Es lt 1)`. because it implies quantity supplied is less responsive to the change in price.

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