If a Supply Curve Has a Constant Slope Throughout Its

question 33

True/False

If a supply curve has a constant slope throughout its length, it must have a constant price elasticity throughout its length. ​
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Definitions:

MP

In the context of logic, it often stands for "modus ponens," a form of argument where if "if p then q" is true and p is true, then q must also be true.

Justification

The action of showing something to be right or reasonable, often by providing supporting evidence or reasoning.

Premise

An initial assertion that paves the way for a conclusion or inference to be made.

Justification

Providing sufficient reasons, evidence, or arguments to support a claim, belief, or action as valid or acceptable.