The diagram shows four supply curves.
Which statement about the price elasticity of these supply curves is correct?
1 )
W has elasticity of 0 that will rise as price rises.
2 )
X has elasticity greater than 1 that will be constant as price rises.
Y has elasticity greater than 1 that will fall as price rises.
4 )
Z has elasticity of 0 that is constant as quantity rises.
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