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Which has greater elasticity: a supply curve that goes through the origin with slope of 1 or a supply curve that goes through the origin
Which has greater elasticity: a supply curve that goes through the origin with slope of 1 or a supply curve that goes through the origin with slope of 5? CHOOSE ONE
- The supply curve with slope of 1. Slope and elasticity are inversely related so the lower the slope, the higher the elasticity.
- They both have the same elasticity. Any supply curve that goes through the origin has an elasticity of 1.
- The supply curve with slope of 5. Slope and elasticity are directly related so the higher the slope, the higher the elasticity.
- They both have the same elasticity. Any supply curve with a positive slope has the same elasticity.
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Crashed How A Decade Of Financial Crises Changed The World
Authors: Adam Tooze
1st Edition
0143110357, 9780143110354
