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Questions
Draw the supply curve showing price elasticity of supply equal to one.
Draw a straight line supply curve for the following situation.
Unitary elastic
Solution
Unitary elastic: A straight line supply curve that originates from the origin point, has price elasticity of supply equal to one at all the points. Curves S1 or S2 have a unitary elasticity.
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| Column I | Column II |
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| D. Highly Elastic | (iv) Es = infinity |
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