This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Any supply curve that is a straight line passing through the graph's origin is unit elastic. a. ... (Read 173 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jul 1, 2018
Any supply curve that is a straight line passing through the graph's origin is unit elastic.
 a. True
  b. False

Question 2

If the demand curve shifts but the supply curve does not and price remains the same, supply must be perfectly inelastic.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bob

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jul 1, 2018
Gracias!

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ... OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ...
Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ... Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ...
How to find the equation of a line that is parallel to a line passing through a point How to find the equation of a line that is parallel to a line passing through a point
Elastic/inelastic #5 Elastic/inelastic #5
Jason Isbell and the 400 Unit - If We Were Vampires Jason Isbell and the 400 Unit - If We Were Vampires
The origin of duplicated and deficient regions of chromosomes The origin of duplicated and deficient regions of chromosomes
Video: Bulk flow - Factors that influence bulk flow

For a complete list of videos, visit our video library