If a Linear Supply Curve Has a Zero Intercept,the Elasticity

question 19

True/False

If a linear supply curve has a zero intercept,the elasticity of supply is always unitary.

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Definitions:

Objective Test

An assessment tool designed to measure knowledge, skills, or abilities without subjective judgment.

Criterion-related Validity

The extent to which a measure is related to an outcome, where the validity is determined by comparing the measure against a known criterion or benchmark.

Construct Validity

The extent to which a test or instrument accurately measures the theoretical construct it is intended to assess.

Reliability

The reliability and steadiness of outcomes produced by a measurement tool across multiple instances.