Figure 5-14

-Refer to Figure 5-14.Along which of these segments of the supply curve is supply least elastic?
A) GH
B) CD
C) AC
D) AB

Name: Figure 5-14 -Refer to Figure 5-14.Along which of these segments of the supply curve is supply least elastic? A) GH B) CD C) AC D) AB
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Question

Figure 5-14
 
-Refer to Figure 5-14.Along which of these segments of the supply curve is supply least elastic?
A) GH 
B) CD 
C) AC 
D) AB

Quizplus · Accepted Answer

Along segment GH, the change in quantity supplied is relatively small compared to the change in price, indicating that supply is relatively inelastic.

Figure 5-14 -Refer to Figure 5-14.Along Which of These Segments of the These