Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
14.0k views
in Economics by (89 points)
edited by
when supply curve is parallel to x axis, elasticy of supply

Please log in or register to answer this question.

1 Answer

+1 vote
by (34.7k points)

If supply curve is positively sloped i.e , it slopes upwards from left to right then we have to look at its exact position in space(on graph). If it originates from origin then its elasticity will be one. If it originates from any point left to origin on the X-axis (second quadrant) , its elasticity will be greater than one i.e. supply will be elastic. If it originates from any point right to origin on the X-axis (first quadrant), its elasticity will be less than one i.e., supply will be inelastic.  

In extreme cases if supply curve runs parallel to X-axis (zero slope), its elasticity will be infinity i.e. it will be perfectly elastic and if it runs parallel to Y-axis (slope infinite), its elasticity will be zero i.e., supply will be perfectly inelastic.

It will be Zero / perfectly inelastic supply. It occurs when quantity supplied remains unchanged with change in price.    

Price Elasticity of Supply = 0

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...