Exhibit 5-20 -Consider Exhibit 5-20. Between the Prices of $5 and $6

Multiple Choice

Exhibit 5-20
-Consider Exhibit 5-20. 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.