WebThe supply is elastic at point P. This gives us a general property of a straight line supply curve having an intercept in the Y-axis. Any straight line supply curve having a positive intercept in the Y-axis has price elasticity greater than one throughout. In the above case supply curve is intersecting Y-axis and we find the E s > 1. Web6 Apr 2024 · Ans. Since the straight line method utilizes the original cost or the acquiring cost in order to determine the salvage value of any asset in a competitive market, the depreciation value of that asset is equal to the difference between the two. Whereas, the form of declining balance depreciation involves the rate at which the value of the asset …
Draw and briefly explain a perfectly elastic supply curve. - Toppr Ask
Web11 Dec 2024 · Graphically, unit elastic supply is depicted as a straight line that starts from the origin (point 0;0). Related Readings. CFI is the official provider of the global Financial Modeling & Valuation Analyst (FMVA)® certification program, designed to help anyone become a world-class financial analyst. To keep advancing your career, the additional ... WebAs seen in the figure, a perfectly elastic supply curve is the one in which the supply curve is perfectly horizontal. It is a theoretical curve and such a curve does not actually exist in practice. What the curve actually explains is that a supplier can sell at a particular price an infinite quantity of goods and a small decrease in the price ... transfer pulsa im3 ke xl
Price Elasticity of Supply – A Level Economics A Edexcel Revision ...
WebThe elasticity will not be constant as we move up along a straight-line supply curve unless that line passes through the origin, in which case both the slope and the ratio P / Q will be constant. The total revenue to the seller of a commodity, or total expenditure by the purchaser, is obtained by multiplying the price by the quantity. WebA vertical straight line will represent absolutely inelastic supply (zero elasticity) and a horizontal straight line an infinitely elastic supply. In between these two extremes, there will be varying degrees of elasticity. The following formula gives a general measure of elasticity: WebStraightline Contractor & Ind. Supply. Tulsa, OK. Posted: 16 hours ago. Full-Time. Job Description. Summary. Straightline Contractor and Industrial Supply is growing. We are … transfer sarajevo mostar