Refer to the graph shown. When price declines by 11 percent, quantity supplied falls by 8 percent. Which curve best demonstrates the elasticity in this example?
A)A
B)B
C)C
D)None of the answers is correct.

Question

Refer to the graph shown. When price declines by 11 percent, quantity supplied falls by 8 percent. Which curve best demonstrates the elasticity in this example? 
A)A 
B)B 
C)C 
D)None of the answers is correct.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. When price declines by 11 percent, quantity supplied falls by 8 percent. Which curve best demonstrates the elasticity in this example? 
A)A 
B)B 
C)C 
D)None of the answers is correct.

Refer to the Graph Shown