Figure 5-17

-Refer to Figure 5-17.Which of the following statements is not correct?
A) Supply curve A is perfectly inelastic.
B) Supply curve B is perfectly elastic.
C) Supply curve C is unit elastic.
D) Supply curve D is more elastic than supply curve C.

Question

Figure 5-17

-Refer to Figure 5-17.Which of the following statements is not correct?
A) Supply curve A is perfectly inelastic. 
B) Supply curve B is perfectly elastic. 
C) Supply curve C is unit elastic. 
D) Supply curve D is more elastic than supply curve C.

Quizplus · Accepted Answer

Supply curve C being unit elastic is incorrect because unit elasticity implies a proportional change in quantity supplied to price, which is not depicted by a specific curve in the figure.

Figure 5-17 -Refer to Figure 5-17.Which of the Following Statements Is Not