Multiple Choice
-Refer to the graph above to answer this question.What is the supply elasticity of S2 in the $2.50 to $4.00 range?
A) 1.15.
B) 2.17.
C) It is higher than the supply elasticity of S1 in the same price range.
D) It is lower than the supply elasticity of S1 in the same price range.
E) None of the choices are correct.
Correct Answer:
Verified
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