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Questions
Draw a straight line supply showing elasticity greater than one.
Draw a straight line supply curve for more than unitary elastic.
Draw diagrams when price elasticity of supply is greater than one.
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Solution

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RELATED QUESTIONS
Explain briefly the impact of the cost of production on the elasticity of supply.
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Es = ∞
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| 10 | 200 |
| 15 | 225 |
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When is supply of a good unitary elastic?
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