Exhibit 5-20 Consider Exhibit 5-20.Between the prices of $5 and $6, which supply curve is most elastic and which is least elastic? A)S₁ is most elastic; S₂ is least elastic. B)S₁ is most elastic; S₃ is least elastic. C)S₃ is most elastic; S₁ is least elastic. D)S₃ is most elastic; S₂ is least elastic. E)S₂ is most elastic; S₃ is least elastic.

Question

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The Answer of Exhibit 5-20 Consider Exhibit 5-20.Between the prices of $5 and $6, which supply curve is most elastic and which is least elastic? A)S₁ is most elastic; S₂ is least elastic. B)S₁ is most elastic; S₃ is least elastic. C)S₃ is most elastic; S₁ is least elastic. D)S₃ is most elastic; S₂ is least elastic. E)S₂ is most elastic; S₃ is least elastic.