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Derive a formula for the elasticity of supply so that the elasticity at point E is AX/OX. Use the same approach to show that

Derive a formula for the elasticity of supply so that the elasticity at point E is AX/OX. Use the same approach to show that any straight line supply curve has unitary elasticity if it goes through the origin, is inelastic if it intersects the X axis and is elastic if it intersects the Y axis. S K o A N

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