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प्रश्न
The following diagram shows the supply curve of three commodities. Rank their price elasticity.
टिप्पणी लिखिए
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उत्तर
As all of the lines pass through the origin, the price elasticity of supply is equal to 1, regardless of how steep or flat the curves are.
∵ Es = 1
As a result, it exhibits unitary price elasticity of supply.
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