Figure 4.3
-In Figure 4.3 the most inelastic supply curve:
A)is Supply1.
B)is Supply2.
C)is Supply3.
D)cannot be determined.

Name: Figure 4.3 -In Figure 4.3 the most inelastic supply curve: A)is Supply1. B)is Supply2. C)is Supply3. D)cannot be determined.
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Question

Figure 4.3
-In Figure 4.3 the most inelastic supply curve:
A)is Supply1. 
B)is Supply2. 
C)is Supply3. 
D)cannot be determined.

Quizplus · Accepted Answer

The most inelastic supply curve is the one that is closest to being vertical, indicating that quantity supplied changes very little with a change in price.

Figure 4.3 -In Figure 4.3 the Most Inelastic Supply Curve