Let's analyze the statements one by one based on the information provided in the graph and supply curves.

1. "Curve OO is less elastic between points V and Y than curve LL is between points V and X."

• Elasticity is the responsiveness of the quantity supplied to a change in price. More elastic curves respond more to changes in price, while less elastic (or inelastic) curves respond less.

• Curve OO (from V to Y): From point $V(10, 10)$ to $Y(13, 12)$, there is a small change in both quantity (3 units) and price (2 dollars). Since both quantity and price change only slightly, this suggests a more inelastic behavior (lower elasticity).

• Curve LL (from V to X): From point $V(10, 10)$ to $X(12, 13)$, there is a change of 2 units in quantity and 3 dollars in price. There is a slightly larger price change for a smaller quantity change, suggesting that curve LL is more elastic than curve OO between these points.

So, Curve OO is less elastic than curve LL between these points, which makes this statement True.

2. "Between points V and W, curve NN is perfectly inelastic."

• Perfect inelasticity occurs when the quantity does not change regardless of the change in price, meaning the curve is vertical.

• Curve NN is a vertical line through point $V(10, 10)$ and $W(10, 13)$, indicating that the quantity is fixed at 10 units regardless of the price. This is the definition of perfect inelasticity.

Therefore, this statement is True.

3. "Between points V and Y, curve OO is inelastic."

• Inelasticity means that the percentage change in quantity supplied is less than the percentage change in price.

• From point $V(10, 10)$ to point $Y(13, 12)$ on curve OO, the quantity increases by 3 units, while the price increases by 2 dollars. Since the quantity change is larger than the price change, this suggests a relatively elastic response (more sensitive to changes in quantity than price).

Hence, this statement is False.

Summary of True/False:

Statement	True/False
Curve OO is less elastic between points V and Y than curve LL is between points V and X.	True
Between points V and W, curve NN is perfectly inelastic.	True
Between points V and Y, curve OO is inelastic.	False

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Would you like further details or clarification on any of these points?

Here are five questions you can explore further:

1. How is elasticity calculated for linear supply curves?
2. Why is curve NN perfectly inelastic, and how does this impact market behavior?
3. How do changes in price affect elastic vs. inelastic supply curves in the long run?
4. What factors determine the elasticity of a supply curve?
5. How can elasticity influence government tax policies on goods?

Tip: Elasticity can vary at different points along the same supply curve—understanding how to calculate it using the formula can be insightful.