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Supply is said to be unitary elastic, when :A. Supply curve is a straight line passing through the origin .B. Supply curve makes an intercept on the positive Y-axis.C. Supply curve makes an intercept on the positive X-axis .D. Supply curve is a horizontal strainght line parallel to the X-axis. |
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Answer» Correct Answer - A When supply curve passes through origin, its elasticity of supply =1, irrespective of the angle it makes.our correct answer is (A). |
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