NARRBEGIN: Exhibit 5-20 Exhibit 5-20

Multiple Choice

NARRBEGIN: Exhibit 5-20
Exhibit 5-20

-Which supply curve is more elastic in Exhibit 5-20?

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'