Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:If a straight line upward sloping supply curve shoots from the X-axis, elasticity of supply > 1.
Answer» No. When a straight line upward sloping supply curve shoots from the X-axis, E_s<1.

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