Economics 9708 · AS & A Level · Demand and supply curves

Demand and supply curves — practice question

The diagram depicts three supply curves.

  • AAs price rises, the price elasticity of supply of S2 will increase.
  • BAt any price, the price elasticity of supply of S1 will be less than that of S3.
  • CAt any price, the price elasticity of supply of S2 will be higher than that of S3.
  • DThe price elasticity of supply of each curve is constant.

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