[Solved] Figure: Price Elasticity of Supply Refer to the Figure

Question 130
Multiple Choice

Figure: Price Elasticity of Supply img Refer to the figure. Compared to S1, S2 is more:

A) elastic since quantity supplied increases more with an increase in price.
B) elastic since quantity supplied increases less with an increase in price.
C) inelastic since quantity supplied increases more with an increase in price.
D) inelastic since quantity supplied increases less with an increase in price.

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