Which of the Following Statements About Elasticity of Supply Is

Multiple Choice

Which of the following statements about elasticity of supply is TRUE?

A) A product's elasticity of supply is calculated directly from its elasticity of demand.
B) In the long run, the supply curve for most products is highly inelastic.
C) If a product's demand curve is inelastic, then its supply curve also must be inelastic.
D) In the very short run (after the growing season has begun) , the supply curve for most agricultural products is highly inelastic.
E) All of the above are true.