1.1. In the box Geometric Tricks for Estimating Price Elasticity, there are three statements about the elasticities...

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1.1. In the box “Geometric Tricks for Estimating Price Elasticity,”

there are three statements about the elasticities of straight-line supply curves. One of those statements is that supply curves intersecting the quantity axis are inelastic.

Can you prove that that is true by algebraic manipulation of the elasticity formula?

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Economics

ISBN: 9781259193156

10th Edition

Authors: David Colander

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Question Posted: Oct 16, 2024 02:01 AM

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1.1. In the box Geometric Tricks for Estimating Price Elasticity, there are three statements about the elasticities...

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