Refer to the graph shown. When price rises by 20 percent, quantity supplied rises by 25 percent. Which curve best demonstrates elasticity in this example?
A) A
B) B
C) C
D) None of the answers is correct.

Question

Refer to the graph shown. When price rises by 20 percent, quantity supplied rises by 25 percent. Which curve best demonstrates elasticity in this example? 
A) A 
B) B 
C) C 
D) None of the answers is correct.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. When price rises by 20 percent, quantity supplied rises by 25 percent. Which curve best demonstrates elasticity in this example? 
A) A 
B) B 
C) C 
D) None of the answers is correct.

Refer to the Graph Shown