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10. What is the price elasticity of supply of a commodity whose straight line supply curve passes through
the origin forming an angle of 75 degree?
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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∘?
Solution : Unitary elastic (Es=1)because it is passing through the origin , no matter what angle it makes.
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Answer:
What is the price elasticity of supply of a commodity whose straight line supply curve passes through the origin forming an angle of 75∘? Solution : Unitary elastic (Es=1)because it is passing through the origin , no matter what angle it makes
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