The diagram presents three supply curves. What conclusion can be drawn about the price elasticity of supply of these 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 all three curves will be the same.