Figure: Supply Elasticity Refer to the Figure

question 240

Multiple Choice

Figure: Supply Elasticity Refer to the figure. It shows two different supply curves. Based on the graph, which statement is TRUE?

• A) The same price increase would cause a bigger increase in the quantity supplied along curve A.
• B) The same price increase would cause a bigger increase in the quantity supplied along curve B.
• C) Curve A reflects a less responsive supply.
• D) If comparing responsiveness from a common point, like the intersection, we can conclude that supply curve B is more elastic.

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