For the following graph of supply curves, S1 S2 Q Si elasticity is and S2 elasticityises...

Question

Question

For the following graph of supply curves, S1 S2 Q Si elasticity is and S2 elasticityises SL elasticity and S2 elasticity is S

Answer 1

Answer #1

Answer option 2)

Elastic supply curve is flatter & in-elastic curve is steeper

for Elastic curve, e > 1

for S1, e< 1, in-elastic

for S2, e> 1, Elastic

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Answer 2

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