For a Linear Supply Curve with a Positive Vertical Intercept,if

question 133

Multiple Choice

For a linear supply curve with a positive vertical intercept,if the price elasticity of supply is 1.2 at a price of $7,then at a price of $5,the elasticity must be

• A) greater than 1.2.
• B) less than 1.2.
• C) more inelastic.
• D) less elastic.
• E) indeterminate;there is insufficient information to evaluate.

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