Figure 5.10 shows two upward-sloping linear supply curves that pass through the origin. Which supply curve is more elastic in the figure below? Figure 5.10

A)Both S and S' have the same elasticity.
B)S is more elastic at lower prices, and S' is more elastic at higher prices.
C)S is more elastic at higher prices, and S' is more elastic at lower prices.
D)S is more elastic than S'.
E)S' is more elastic than S.

Question

Figure 5.10 shows two upward-sloping linear supply curves that pass through the origin. Which supply curve is more elastic in the figure below?​ Figure 5.10
​

A)Both S and S' have the same elasticity. 
B)S is more elastic at lower prices, and S' is more elastic at higher prices. 
C)S is more elastic at higher prices, and S' is more elastic at lower prices. 
D)S is more elastic than S'. 
E)S' is more elastic than S.

Quizplus · Accepted Answer

The Answer of Figure 5.10 shows two upward-sloping linear supply curves that pass through the origin. Which supply curve is more elastic in the figure below?​ Figure 5.10
​

A)Both S and S' have the same elasticity. 
B)S is more elastic at lower prices, and S' is more elastic at higher prices. 
C)S is more elastic at higher prices, and S' is more elastic at lower prices. 
D)S is more elastic than S'. 
E)S' is more elastic than S.

Figure 510 Shows Two Upward-Sloping Linear Supply Curves That Pass Through