Question

When the supply curve is a positive slopping curve then what will be elasticity of supply? Show it with the help of diagram .​

Answer 1

Answer:

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Answer 2

What Is a Supply Curve?
The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.


KEY TAKEAWAYS
On most supply curves, as the price of a good increases, the quantity of supplies increases.
Emerging technology that increases efficiency lowers the labor cost and therefore price of a good.
Supply curves can often show if a commodity will experience a price increase or decrease based on demand, and vice versa.