For a linear supply curve with a positive vertical intercept,if the price elasticity of supply is 1.2 at a price of $7,then at a price of $5,the elasticity must be
A) greater than 1.2.
B) less than 1.2.
C) more inelastic.
D) less elastic.
E) indeterminate;there is insufficient information to evaluate.
Correct Answer:
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