Question

why do all supply curves passing through the origin have unit elastic supply?

Answer 1

Any straight line supply curve passing through the origin has value of elasticity equal to one. If straight line supply curve goes through the quantity axis (x- axis), it is inelastic. If a straight line supply curve goes through the price axis (y- axis), it is elastic.

Answer 2

Answer:

Science is the pursuit and application of knowledge and understanding of the natural and social world following a systematic methodology based on evidence. Scientific methodology includes the following: ... Evidence. Experiment and/or observation as benchmarks for testing hypotheses.

Explanation:

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