Economics · Producer Behaviour and Supply

Any straight-line supply curve that passes through the origin has a price elasticity of supply:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Equal to zero
2Equal to one✓
3Greater than one
4Less than one

Correct answer

Equal to one

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Any straight-line supply curve that passes through the origin has a price elasticity of supply:

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Any straight-line supply curve that passes through the origin has a price elasticity of supply:

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