Use the diagram of two product supply curves to answer the following question.
The diagram indicates that
A. over range Q1Q2 price elasticity of supply is the same for the two curves.
B. over range Q1Q2 price elasticity of supply is greater for S2 than for S1.
C. over range Q1Q2 price elasticity of supply is greater for S1 than for S2.
D. not enough information is given to compare price elasticities.
Answer: C
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What will be an ideal response?
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