Table 5-9

-Refer to Table 5-9. Along which of the supply curves does quantity supplied move proportionately more than the price?
A)along supply curve B only
B)along supply curves B and C
C)along all three supply curves
D)None. Quantity supplied moves proportionately less than the price along all of the three supply curves.

Question

Table 5-9
​ 
-Refer to Table 5-9. Along which of the supply curves does quantity supplied move proportionately more than the price?
A)along supply curve B only 
B)along supply curves B and C 
C)along all three supply curves 
D)None. Quantity supplied moves proportionately less than the price along all of the three supply curves.

Quizplus · Accepted Answer

The question refers to elasticity of supply. If quantity supplied moves proportionately less than the price, it indicates inelastic supply. The choice D suggests that all supply curves are inelastic, meaning quantity supplied changes less than the price change.

Table 5-9 ​

Table 5-9