If the Quantity of a Good Supplied Is Highly Sensitive

question 401

Multiple Choice

If the quantity of a good supplied is highly sensitive to the price of the good, this is illustrated by a

• A) demand curve that is relatively flat (more horizontal).
• B) demand curve that is relatively steep (more vertical).
• C) supply curve that is relatively flat (more horizontal).
• D) supply curve that is relatively steep (more vertical).

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