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Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is:

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Question:

Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is:

A.

Equal to zero

B.

Equal to one

C.

Greater than one

D.

Constant

Answer» c. Greater than one

Note: The above multiple-choice question is for all general and Competitive Exams in India.