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

question 108

Multiple Choice

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) S₁ is most elastic; S₂ is least elastic.
• B) S₁ is most elastic; S3 is least elastic.
• C) S3 is most elastic; S₁ is least elastic.
• D) S3 is most elastic; S₂ is least elastic.
• E) S₂ is most elastic; S3 is least elastic.

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