Table: Supply Curve In the Table, Which Supply Curve Is Most Price Elastic

question 126

Multiple Choice

Table: Supply Curve $$\begin{array} { c c c } \hline \text { Supply Curve } & \boldsymbol { Q } \text { at } \boldsymbol { P } = \mathbf { \$ 9 0 } & \boldsymbol { Q } \text { at } \boldsymbol { P } = \mathbf { \$ 1 0 0 } \\\hline \text { A } & 100 & 101 \\\text { B } & 100 & 103 \\\text { C } & 100 & 105 \\\text { D } & 100 & 104 \\\hline\end{array}$$ In the table, which supply curve is most price elastic over the range of prices considered?

• A) supply curve A
• B) supply curve B
• C) supply curve C
• D) supply curve D

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Definitions:

Equity Financing

The process by which a company raises capital through the sale of shares.

Depreciation

A method of allocating the cost of a tangible asset over its useful life.

Noncash Expense

Expenses recorded on an income statement that do not involve a direct cash outflow, such as depreciation or amortization.

Traditional Income Statement

A financial statement that displays a company's revenues, expenses, and net income over a specific period, typically emphasizing historical cost accounting.