Table 5-9

-Refer to Table 5-9. Which of the three supply curves represents the least elastic supply?
A)supply curve A
B)supply curve B
C)supply curve C
D)There is no difference in the elasticity of the three supply curves.

Question

Table 5-9
​ 
-Refer to Table 5-9. Which of the three supply curves represents the least elastic supply?
A)supply curve A 
B)supply curve B 
C)supply curve C 
D)There is no difference in the elasticity of the three supply curves.

Quizplus · Accepted Answer

Supply curve A represents the least elastic supply, as it has a steeper slope and smaller change in quantity supplied in response to a change in price, compared to supply curves B and C.

Table 5-9 ​

Table 5-9