Exhibit 5-21 Which Supply Curve Is More Elastic in Exhibit

question 108

Multiple Choice

Exhibit 5-21 Which supply curve is more elastic in Exhibit 5-21?

• A)Both S and S' have the same elasticity.
• B)S is more elastic at lower prices and S' is more elastic at higher prices.
• C)S is more elastic at higher prices and S' is more elastic at lower prices.
• D)S
• E)S'

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