-In the above figure, the price elasticity of supply at any given quantity is
A) equal to one on each of the three supply curves.
B) equal to zero on each of the three supply curves.
C) highest along S3, next highest along S2, and lowest along S1.
D) highest along S1, next highest along S2, and lowest along S3.

Question

-In the above figure, the price elasticity of supply at any given quantity is
A) equal to one on each of the three supply curves. 
B) equal to zero on each of the three supply curves. 
C) highest along S3, next highest along S2, and lowest along S1. 
D) highest along S1, next highest along S2, and lowest along S3.

Quizplus · Accepted Answer

The Answer of 
-In the above figure, the price elasticity of supply at any given quantity is
A) equal to one on each of the three supply curves. 
B) equal to zero on each of the three supply curves. 
C) highest along S3, next highest along S2, and lowest along S1. 
D) highest along S1, next highest along S2, and lowest along S3.

-In the Above Figure, the Price Elasticity of Supply at Any