Figure 5-12

-Refer to Figure 5-12.Along which of these segments of the supply curve is supply least elastic?
A)between E and F
B)between C and D
C)between A and C
D)between A and B

Question

Figure 5-12
 
-Refer to Figure 5-12.Along which of these segments of the supply curve is supply least elastic?
A)between E and F 
B)between C and D 
C)between A and C 
D)between A and B

Quizplus · Accepted Answer

The least elastic segment of the supply curve is where the curve is steeper, meaning a small change in price will result in a relatively smaller change in quantity supplied. In this case, the segment between E and F is steeper compared to the other segments. Therefore, option A is the best choice.

Figure 5-12 -Refer to Figure 5-12.Along Which of These Segments of the These