If for a given price, the supply curve becomes flatter, the elasticity of supply at this point will:
A)have got relatively more elastic
B)have got relatively more inelastic
C)be unchanged
D)be unitary

Question

Quizplus · Accepted Answer

A flatter supply curve indicates a more responsive reaction of quantity supplied to changes in price. This suggests that the elasticity of supply has increased, making it relatively more elastic.

If for a Given Price, the Supply Curve Becomes Flatter