Table 5-2

-Refer to Table 5-2.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)Quantity supplied moves proportionately more than the price along none of the three supply curves.

Question

Table 5-2
 
-Refer to Table 5-2.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)Quantity supplied moves proportionately more than the price along none of the three supply curves.

Quizplus · Accepted Answer

If quantity supplied moves proportionately more than the price, the supply curve would be elastic. The question implies that none of the supply curves in Table 5-2 exhibit this characteristic.

Table 5-2 -Refer to Table 5-2.Along Which of the Supply Curves Does