Figure 5-12
The following figure shows the supply curve for a particular good.
-Refer to Figure 5-12.Over which range is the supply curve in this figure the most elastic?
A) Between $16 and $40
B) Between $40 and $100
C) Between $100 and $220
D) Between $220 and $430

Question

Figure 5-12
The following figure shows the supply curve for a particular good. 
-Refer to Figure 5-12.Over which range is the supply curve in this figure the most elastic?
A) Between $16 and $40 
B) Between $40 and $100 
C) Between $100 and $220 
D) Between $220 and $430

Quizplus · Accepted Answer

The supply curve is most elastic between $16 and $40 because the slope of the curve is steepest in this range, indicating that a small change in price will lead to a large change in quantity supplied.

Figure 5-12 The Following Figure Shows the Supply Curve for a Particular