Use the figure below to answer the following question.
Figure 4.3.1
-The two supply curves in Figure 4.3.1 are parallel.Between $7 to $8,
A) S1 is more elastic than S2.
B) S1 is more inelastic than S2.
C) S1 and S2 have the same elasticity.
D) S1 is steeper than S2.
E) S1 is flatter than S2.
Correct Answer:
Verified
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