An Upward-Sloping Straight-Line Supply Curve Through the Origin Has an Elasticity

question 66

Multiple Choice

An upward-sloping straight-line supply curve through the origin has an elasticity of

• A)one.
• B)greater than one.
• C)less than one.
• D)infinity.
• E)zero.

---

Definitions:

Positioning Strategy

A marketing strategy that aims to establish a brand or product in the minds of target customers, distinguishing it from competitors.

Customer Excellence Strategy

A business approach that focuses on providing outstanding customer service and value to achieve loyalty and superior customer satisfaction.

Locally Owned

Businesses that are owned, operated, and situated within a specific local community or area.

Value-based Marketing

A marketing approach that focuses on delivering products and services that provide superior value to customers, leading to strong brand loyalty and higher customer satisfaction.