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Price Elasticity of Supply on a Graph
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Price Elasticity of Supply on a Graph
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4. Elasticity / Price Elasticity of Supply on a Graph / Problem 1
Problem 1
How does the slope of a supply curve relate to its elasticity when comparing two supply curves?
A
The flatter curve is more inelastic compared to the steeper curve.
B
Both curves have the same elasticity regardless of slope.
C
The steeper curve is more inelastic compared to the flatter curve.
D
The steeper curve is more elastic compared to the flatter curve.
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