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Author Question: Any supply curve that is a straight line passing through the graph's origin is unit elastic. a. ... (Read 16 times)

genevieve1028

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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


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bob

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


genevieve1028

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

lkanara2

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Reply 3 on: Yesterday
Wow, this really help

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