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प्रश्न
When a straight-line supply curve cuts the y-axis, the elasticity of supply will be ______.
पर्याय
Elastic
Inelastic
Unitary elastic
Perfectly inelastic
उत्तर
When a straight-line supply curve cuts the y-axis, the elasticity of supply will be Elastic.
Explanation:
It relies on the geometric approach. When the supply curve intersects the Y-axis, the supply elasticity is considered elastic.
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