An upward- sloping straight- line supply curve through the origin has an elasticity of
A)zero.
B)greater than one.
C)less than one.
D)one.
E)infinity.

Question

Quizplus · Accepted Answer

An upward-sloping straight-line supply curve through the origin has a constant slope, and the formula for elasticity of supply with a linear supply curve is always equal to one. Therefore, the answer is D.

An Upward- Sloping Straight- Line Supply Curve Through the Origin