Figure 5-14
-Refer to Figure 5-14.Over which range is the supply curve in this figure the most elastic?
A)$16 to $40
B)$40 to $100
C)$100 to $220
D)$220 to $430

Name: Figure 5-14 -Refer to Figure 5-14.Over which range is the supply curve in this figure the most elastic? A)$16 to $40 B)$40 to $100 C)$100 to $220 D)$220 to $430
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Question

Figure 5-14 
-Refer to Figure 5-14.Over which range is the supply curve in this figure the most elastic?
A)$16 to $40 
B)$40 to $100 
C)$100 to $220 
D)$220 to $430

Quizplus · Accepted Answer

The supply curve is most elastic over the range where the slope is the flattest. This occurs between $16 and $40.

Figure 5-14 -Refer to Figure 5-14.Over Which Range Is the Supply Curve