Figure 5-13
-Refer to Figure 5-13.Along which of these segments of the supply curve is supply least elastic?
A) between G and H
B) between C and D
C) between A and C
D) between A and B

Question

Figure 5-13 
-Refer to Figure 5-13.Along which of these segments of the supply curve is supply least elastic?
A) between G and H 
B) between C and D 
C) between A and C 
D) between A and B

Quizplus · Accepted Answer

The supply curve is least elastic between G and H because the slope of the curve is steepest in this segment. This means that a small change in price will lead to a large change in quantity supplied.

Figure 5-13 -Refer to Figure 5-13.Along Which of These Segments of the Segments