In general, a steeper supply curve is more likely to be
A) price elastic.
B) perfectly inelastic
C) unit price elastic.
D) price inelastic.

Name: In general, a steeper supply curve is more likely to be A) price elastic. B) perfectly inelastic C) unit price elastic. D) price inelastic.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A steeper supply curve indicates that quantity supplied does not change significantly in response to a change in price. This suggests that the supply is price inelastic.

In General, a Steeper Supply Curve Is More Likely to Be