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If a straight line upward sloping supply curve shoots from the origin, elasticity of supply is always equal to one.

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Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:

If a straight line upward sloping supply curve shoots from the origin, elasticity of supply is always equal to one.

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Yes. When a straight line upward sloping supply curve passes through the origin (no matter what the angle it forms), the elasticity of supply is equal to one. 

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