Problem
Consider a point on a supply curve where price and quantity are positive. Determine the numerical value of the price elasticity of supply at that point when the supply curve is
a) vertical at a positive quantity
b) horizontal at a positive price
c) a straight line through the origin, with a positive slope.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.