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The theory of the firm under perfect competition — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
If two supply curves intersect, which one has the higher price elasticity?
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Answer

The flatter supply curve is more elastic at the point of intersection as compared to the steeper curve.

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