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Draw a straight line supply curve of the following situation. More than unitary elastic

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Question

Draw a straight line supply curve of the following situation.

More than unitary elastic

Diagram
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Solution

Any straight-line supply curve that originates from the y-axis has more than unitary elasticity. Supply curve S4 shows more than unitary elastic supply.

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Elasticity of Supply
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Chapter 3: Theory of Supply - QUESTION BANK [Page 85]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 3 Theory of Supply
QUESTION BANK | Q 45. (iii) | Page 85
R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 6 Supply and Law of Supply
EXAMINATION CORNER | Q 9. (iii) | Page 6.20
Frank Economics [English] Class 12 ISC
Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 69. (iii) | Page 460

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