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Mathematics, 01.09.2020 23:01 pencil8184

Show that any linear inverse supply that passes through the origin (i. e., an inverse supply with the functional form p = c Q with c > 0) has a price elasticity of supply equal to one. Show that any linear inverse supply curve with a positive intercept (i. e., having the functional form p = k + c Q with c, k > 0) must be elastic

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