Table 5-6

-Refer to Table 5-6.Along which of the supply curves does quantity supplied move proportionately more than the price?
A) along supply curve B only
B) along supply curves B and C
C) along all three supply curves
D) Quantity supplied moves proportionately more than the price along none of the three supply curves.

Question

Table 5-6
 
-Refer to Table 5-6.Along which of the supply curves does quantity supplied move proportionately more than the price?
A) along supply curve B only 
B) along supply curves B and C 
C) along all three supply curves 
D) Quantity supplied moves proportionately more than the price along none of the three supply curves.

Quizplus · Accepted Answer

Quantity supplied moves proportionately more than the price when the supply curve is elastic. The question implies that none of the supply curves in Table 5-6 are elastic, hence the correct answer is that quantity supplied does not move proportionately more than the price along any of the supply curves.

Table 5-6 -Refer to Table 5-6.Along Which of the Supply Curves Does