Refer to the graph shown. When price declines by 11 percent, quantity supplied falls by 8 percent. Which curve best demonstrates the 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 declines by 11 percent, quantity supplied falls by 8 percent. Which curve best demonstrates the 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 declines by 11 percent, quantity supplied falls by 8 percent. Which curve best demonstrates the elasticity in this example? 
A) A 
B) B 
C) C 
D) None of the answers is correct.

Refer to the Graph Shown