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

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

Quizplus · Accepted Answer

An upward-sloping straight-line supply curve through the origin has a constant elasticity of one because the percentage change in quantity supplied is equal to the percentage change in price.

An Upward-Sloping Straight-Line Supply Curve Through the Origin Has an Elasticity