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Which Supply Curve Is More Elastic in Exhibit 5-21

Question 205

Multiple Choice

Which supply curve is more elastic in Exhibit 5-21?


A) Both S and S' have the same elasticity.
B) S is more elastic at lower prices and S' is more elastic at higher prices.
C) S is more elastic at higher prices and S' is more elastic at lower prices.
D) S
E) S'

Correct Answer:

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