FIGURE 5-4 -Refer to Figure 5-4.The Difference Between Supply Curve S₁ and S₁

question 7

Multiple Choice

FIGURE 5-4
-Refer to Figure 5-4.The difference between supply curve S₁ and supply curve S₂ in this market for apartments is that

• A)S₁ is not affected by a government controlled rental price.
• B)S₂ is not affected by a government controlled rental price.
• C)S₁ is more elastic than S₂.
• D)S₁ is a short-run supply curve and S₂ is a long-run supply curve.
• E)S₁ is a long-run supply curve and S₂ is a short-run supply curve.

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