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Figure: Elasticity of Supply
-(Figure: Elasticity of Supply) Refer to the figure. Which supply curve is the most inelastic?

Question

Use the following to answer questions: Figure: Elasticity of Supply -(Figure: Elasticity of Supply) Refer to the figure. Which supply curve is the most inelastic? A) S₁ B) S₂ C) S₃ D) S₄

Quizplus · Accepted Answer

The most inelastic supply curve is the one that is closest to being vertical, as it indicates that quantity supplied changes very little with a change in price.

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