Which of the Following Statements About the Price Elasticity of Supply

Multiple Choice

Which of the following statements about the price elasticity of supply for slaves is correct?

A) When the supply curve is more elastic every slave bought by the redeemers is one fewer slave held in captivity.
B) When the supply curve is perfectly inelastic every slave bought by the redeemers is one fewer slave held in captivity.
C) When the supply curve is less elastic every slave bought by the redeemers is one additional enslaved person.
D) When the supply curve is more inelastic every slave bought by the redeemers is one additional enslaved person.