Multiple Choice
Figure 8-14 
-Refer to Figure 8-14.Which of the following statements is not correct?
A) Supply 2 is more elastic than supply 1.
B) Demand 2 is more elastic than demand 1.
C) Supply 1 is more inelastic than supply 2.
D) Demand 2 is more inelastic than supply 2.
Correct Answer:
Verified
Correct Answer:
Verified
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