Economics 9708 · AS & A Level · Price elasticity of supply

Price elasticity of supply — practice question

The diagram depicts a supply curve. Which statement best describes the price elasticity of supply on this curve?

  • AIt diminishes as quantity increases.
  • BIt is constant and greater than unity at all quantities.
  • CIt is constant and less than unity at all quantities.
  • DIt increases as quantity increases.

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