Any Supply Curve That Is a Straight Line Passing Through

question 240

True/False

Any supply curve that is a straight line passing through the graph's origin is unit elastic.

---

Definitions:

Federal Government

The central government of the United States, which operates on principles outlined in the U.S. Constitution and consists of three branches: legislative, executive, and judicial.

EpiPens

A brand of auto-injectable devices containing epinephrine, used to treat severe allergic reactions quickly.

Price Hike

An increase in the price of goods or services, often due to factors such as inflation, increased production costs, or supply and demand imbalances.

Allergic Reactions

Immune system responses to a foreign substance that's not typically harmful to the body, like pollen, food, or pet dander, leading to symptoms such as sneezing, itching, or more severe reactions.