Use the Figure Below to Answer the Following Question

question 155

Multiple Choice

Use the figure below to answer the following question.

Figure 4.3.1
-The two supply curves in Figure 4.3.1 are parallel. Between $7 to $8,

• A)S₁ is more elastic than S₂.
• B)S₁ is more inelastic than S₂.
• C)S₁ and S₂ have the same elasticity.
• D)S₁ is steeper than S₂.
• E)S₁ is flatter than S₂.

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