Multiple Choice
Exhibit 5.9
-Refer to Exhibit 5.9,which shows three upward-sloping linear supply curves.Which of the following supply curves is the most elastic and which is the least elastic between the prices of $5 and $6?
A) S1 is the most elastic; S2 is the least elastic.
B) S1 is the most elastic; S3 is the least elastic.
C) S3 is the most elastic; S1 is the least elastic.
D) S3 is the most elastic; S2 is the least elastic.
E) S2 is the most elastic; S3 is the least elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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