Table 5-5

-Refer to Table 5-5.Along which of the supply curves does quantity supplied move proportionately more than the price?
A) along supply curve B only
B) along supply curves B and C
C) along all three supply curves
D) None. Quantity supplied moves proportionately less than the price along all of the three supply curves.

Question

Table 5-5
 
-Refer to Table 5-5.Along which of the supply curves does quantity supplied move proportionately more than the price?
A) along supply curve B only 
B) along supply curves B and C 
C) along all three supply curves 
D) None. Quantity supplied moves proportionately less than the price along all of the three supply curves.

Quizplus · Accepted Answer

Inelastic supply curves indicate that quantity supplied changes less than the price change. If the question states that quantity supplied moves proportionately less than the price along all supply curves, it implies inelastic supply for all.

Table 5-5 -Refer to Table 5-5.Along Which of the Supply Curves Does