(Figure: Interpreting Elasticity of Supply) How would you describe supply as shown in the graph?

A) unitary for all prices
B) elastic at high prices and inelastic at low prices
C) perfectly inelastic
D) perfectly elastic

Question

(Figure: Interpreting Elasticity of Supply) How would you describe supply as shown in the graph?

A) unitary for all prices 
B) elastic at high prices and inelastic at low prices 
C) perfectly inelastic 
D) perfectly elastic

Quizplus · Accepted Answer

The Answer of (Figure: Interpreting Elasticity of Supply) How would you describe supply as shown in the graph?

A) unitary for all prices 
B) elastic at high prices and inelastic at low prices 
C) perfectly inelastic 
D) perfectly elastic

(Figure: Interpreting Elasticity of Supply) How Would You Describe Supply