Hi,

Could you please explain me why the right answer in question 17 is "d" and not " a?

thanks

Question 16 Referring to the figure on this page, what is the supply elasticity of S1 in the $2.50 to $4.00 range? a. 0.23. Price Ps b. 0.92. c. 1.08. $4.00 d. 2.17. Hide Answer 3.00 c. 1.08. 2.00 1.00 Question 17 Referring to the figure, what is the supply elasticity of S2 in the $2.50 10,000 20,000 30,000 40,000 50,000 60,000 to $4.00 range? Quantity of potting plants a. 1.15. b. 2.17. c. It is higher than the supply elasticity of S1 in the same price range. d. It is lower than the supply elasticity of S1 in the same price range. Hide Answer d. It is lower than the supply elasticity of S1 in the same price range