Reference: Ref 5-1 (Figure: Elasticity of Supply) Refer to the figure. Which supply curve is the most inelastic?
A) S1
B) S2
C) S3
D) S4

Name: Reference: Ref 5-1 (Figure: Elasticity of Supply) Refer to the figure. Which supply curve is the most inelastic? A) S1 B) S2 C) S3 D) S4
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Question

Reference: Ref 5-1 (Figure: Elasticity of Supply) Refer to the figure. Which supply curve is the most inelastic?
A) S1 
B) S2 
C) S3 
D) S4

Quizplus · Accepted Answer

S1 is the most inelastic supply curve because it has the steepest slope, indicating a smaller change in quantity supplied in response to a given change in price.

Reference: Ref 5-1 (Figure: Elasticity of Supply) Refer to the Figure