The diagram illustrates two straight supply curves named S1 and S2, with S2 drawn as a 45° line. Which statement concerning the price elasticity of supply is correct?
- AThe price elasticity of supply is different at every point along both S1 and S2.
- BThe price elasticity of supply of S1 is elastic and S2 is unit elastic.
- CThe price elasticity of supply of S1 is inelastic and S2 is unit elastic.
- DThe price elasticity of supply is unit elastic at every point along both S1 and S2.