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Question
Identify the value of elasticity of supply for the supply curve OS and S1S2.
Options
OS > 1, S1S2 < 1
OS < 1, S1S2 > 1
OS < 1, S1S2 = 1
OS = 1, S1S2 > 1
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Solution
OS = 1, S1S2 > 1
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