Let's go through the statements one by one in **2 steps** with explanations after each step. --- ### Statement 1: "Between points A and E, curve HH is unit elastic." #### **Step 1:** - **Explanation:** A supply curve is *unit elastic* if the percentage change in quantity supplied equals the percentage change in price (elasticity = 1). - Curve HH is a straight line passing through the origin (0,0). For such curves, the price elasticity of supply is always **1** (unit elastic) at every point. - **Conclusion:** This statement is **True**. --- ### Statement 2: "Between points A and D, curve JJ is elastic." #### **Step 2:** - **Explanation:** Elasticity is greater than 1 if the supply curve is flatter (more horizontal) than a 45-degree line from the origin. Curve JJ is a vertical line, which means quantity doesn't change as price changes—this is perfectly inelastic, not elastic. - **Conclusion:** This statement is **False**. --- ### Statement 3: "Curve KK is less elastic between points A and C than curve II is between points A and D." #### **Step 3:** - **Explanation:** Curve KK is steeper (closer to vertical) than curve II, so it is **less elastic** (lower price elasticity) than curve II. Curve II, being closer to horizontal, is more elastic. - **Conclusion:** This statement is **True**. --- ## **Final Answers:** | Statement | True | False | |---------------------------------------------------------------------------|------|-------| | Between points A and E, curve HH is unit elastic. | ✔ | | | Between points A and D, curve JJ is elastic. | | ✔ | | Curve KK is less elastic between points A and C than curve II is between points A and D. | ✔ | |