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-In the Above Figure, the Price Elasticity of Supply at Any

Question 278

Multiple Choice

-In the above figure, the price elasticity of supply at any given quantity is A) highest along S<sub>1</sub>, next highest along S<sub>2</sub>, and lowest along S<sub>3</sub>. B) highest along S<sub>3</sub>, next highest along S<sub>2</sub>, and lowest along S<sub>1</sub>. C) equal to zero on each of the three supply curves. D) equal to one on each of the three supply curves.
-In the above figure, the price elasticity of supply at any given quantity is


A) highest along S1, next highest along S2, and lowest along S3.
B) highest along S3, next highest along S2, and lowest along S1.
C) equal to zero on each of the three supply curves.
D) equal to one on each of the three supply curves.

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