The following graph displays four supply curves (LL, MM, NN, and OO) that intersect at point V. A graph with price in dollars per unit on the y-axis and quantity of units on the x-axis plots 4 line segments, L L from (6, 4) to (14, 16), M M from (3, 10) to (17, 10), N N from (10, 3) to (10, 17), and O O from (4, 6) to (16, 14). The graph also plots five points: V (10, 10) is the intersection of all four line segments. W (10, 13) is on line segment N N. X (12, 13) is on line segment L L. Y (13, 12) is on line segment O O. Z (13, 10) is on line segment M M. 0 2 4 6 8 10 12 14 16 18 20 20 18 16 14 12 10 8 6 4 2 0 PRICE (Dollars per unit) QUANTITY (Units) V W X Y Z M M O O L L N N Using the graph, complete the table that follows by indicating whether each statement is true or false. Statement True False Curve OO is less elastic between points V and Y than curve LL is between points V and X.

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

Between points V and Y, curve OO is inelastic.