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A straight line supply curve that cuts the X-axis has ______. - Economics

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Question

A straight line supply curve that cuts the X-axis has ______.

Options

  • inelastic supply

  • unitary elastic supply

  • elastic supply

  • perfectly elastic supply

MCQ
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Solution

A straight line supply curve that cuts the X-axis has inelastic supply.

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Chapter 5: Supply - Law of Supply and Price Elasticity of Supply - TEST YOURSELF QUESTIONS [Page 96]

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Frank Economics [English] Class 12 ISC
Chapter 5 Supply - Law of Supply and Price Elasticity of Supply
TEST YOURSELF QUESTIONS | Q 11. | Page 96
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