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Figure 7-17 -Consider Figure 7-17. Between the Prices of $5 and $6

question 25

Multiple Choice

Figure 7-17 Figure 7-17   -Consider Figure 7-17. Between the prices of $5 and $6, which supply curve is most elastic and which is least elastic? A)  S<sub>1</sub> is most elastic; S<sub>2</sub> is least elastic. B)  S<sub>1</sub> is most elastic; S<sub>3</sub> is least elastic. C)  S<sub>3</sub> is most elastic; S<sub>1</sub> is least elastic. D)  S<sub>3</sub> is most elastic; S<sub>2</sub> is least elastic. E)  S<sub>2</sub> is most elastic; S<sub>3</sub> is least elastic.
-Consider Figure 7-17. Between the prices of $5 and $6, which supply curve is most elastic and which is least elastic?


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