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Author Question: If a linear supply curve has a zero intercept, the elasticity of supply is always unitary. ... (Read 29 times)

joesmith1212

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on: Jul 1, 2018
If a linear supply curve has a zero intercept, the elasticity of supply is always unitary.
 
  Indicate whether the statement is true or false

Question 2

In the elastic portion of the supply, small changes in prices lead to ________ changes in quantity, while in the inelastic portion of the supply curve, small changes in prices lead to ________ changes in quantity.
 
  A) small; small
  B) large; large
  C) small; large
  D) large; small
Microeconomics ¦ Perloff ¦ 8th Edition
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Edwyer

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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joesmith1212

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Reply 2 on: Jul 1, 2018
Excellent

marict

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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