Figure 8-14 -Refer to Figure 8-14.Which of the Following Statements Is Not

question 47

Multiple Choice

Figure 8-14
-Refer to Figure 8-14.Which of the following statements is not correct?

• A)Supply 2 is more elastic than supply 1.
• B)Demand 2 is more elastic than demand 1.
• C)Supply 1 is more inelastic than supply 2.
• D)Demand 2 is more inelastic than supply 2.

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