Figure: Supply Elasticity 
Refer to the figure. Which one of the four supply curves has the greatest responsiveness to price changes?
Definitions:
Speed of Processing
The rate at which an individual can perceive and react to information.
Long-Term Memories
Memories that are stored for an extended period, ranging from minutes to a lifetime, and can include facts, experiences, and skills.
Spatial Tasks
Cognitive tasks involving the processing of visual and spatial information, such as navigation, geometry, or visualizing objects from different angles.
SES (Socioeconomic Status)
A combined measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.
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