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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 with slope of 4?

User Melony
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Answer and Explanation:

As we know the elasticity of supply defines the relationship between the percentage change in quantity supplies with respect to the percentage change in price

Now in the case when the supply of supply curve would be high that represents it is sleeper and when it is steep so the demand curve i.e. shifted would have high change in price as compared with quantity

So here the lower slope i.e. 1 contains the high elasticity as compared with the highest slope i.e. 4

User Nerida
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