In the Following Graph, Q_S1 and Q_S2 Represent the Supply

question 28

Multiple Choice

In the following graph, Q_S1 and Q_S2 represent the supply curves and Q_D1 and Q_D2 represent the demand curves. Refer to the graph to answer the question:
Which of the following statements is true?

• A) The demand curve Q_D1 is more elastic than the demand curve Q_D2.
• B) The supply curve Q_S1 is less elastic than the supply curve Q_S2.
• C) An increase in supply will lead to a relatively smaller change in output along Q_D1.
• D) A decrease in supply from Q_S2 to Q_S1 will lead to a fall in the market price.

---

Definitions:

Conjunctivitis

An inflammation or infection of the outer membrane of the eyeball and the inner eyelid, commonly known as pink eye.

Mucous Membrane

A layer of epithelial tissue that produces mucus, lining various cavities in the body.

-dynia

A suffix used in medical terminology to denote pain in a specific part of the body.

Intra-

A prefix meaning "within" or "inside," used to denote something occurring internally.