Table: Supply Curve $$\begin{array} { c c c }
\hline \text { Supply Curve } & \boldsymbol { Q } \text { at } \boldsymbol { P } = \mathbf { \$ 9 0 } & \boldsymbol { Q } \text { at } \boldsymbol { P } = \mathbf { \$ 1 0 0 } \
\hline \text { A } & 100 & 101 \
\text { B } & 100 & 103 \
\text { C } & 100 & 105 \
\text { D } & 100 & 104 \
\hline
\end{array}$$ In the table, which supply curve is most price elastic over the range of prices considered?
A) supply curve A
B) supply curve B
C) supply curve C
D) supply curve D

Question

Table: Supply Curve $$\begin{array} { c c c } 
\hline \text { Supply Curve } & \boldsymbol { Q } \text { at } \boldsymbol { P } = \mathbf { \$ 9 0 } & \boldsymbol { Q } \text { at } \boldsymbol { P } = \mathbf { \$ 1 0 0 } \
\hline \text { A } & 100 & 101 \
\text { B } & 100 & 103 \
\text { C } & 100 & 105 \
\text { D } & 100 & 104 \
\hline
\end{array}$$ In the table, which supply curve is most price elastic over the range of prices considered?
A) supply curve A
B) supply curve B
C) supply curve C
D) supply curve D

Quizplus · Accepted Answer

Supply curve C is most price elastic because it has the greatest percentage change in quantity supplied for a given percentage change in price.

Table: Supply Curve In the Table, Which Supply Curve Is Most Price Elastic