The diagram shows two product supply curves. It indicates that
A)over range Q₁Q₂, price elasticity of supply is greater for S₁ than for S₂.
B)over range Q₁Q₂, price elasticity of supply is greater for S₂ than for S₁.
C)over range Q₁Q₂, price elasticity of supply is the same for the two curves.
D)not enough information is given to compare price elasticities.

Question

The diagram shows two product supply curves. It indicates that
A)over range Q₁Q₂, price elasticity of supply is greater for S₁ than for S₂. 
B)over range Q₁Q₂, price elasticity of supply is greater for S₂ than for S₁. 
C)over range Q₁Q₂, price elasticity of supply is the same for the two curves. 
D)not enough information is given to compare price elasticities.

Quizplus · Accepted Answer

The Answer of  The diagram shows two product supply curves. It indicates that
A)over range Q₁Q₂, price elasticity of supply is greater for S₁ than for S₂. 
B)over range Q₁Q₂, price elasticity of supply is greater for S₂ than for S₁. 
C)over range Q₁Q₂, price elasticity of supply is the same for the two curves. 
D)not enough information is given to compare price elasticities.

The Diagram Shows Two Product Supply Curves