(Figure: Supply Curves) The figure shows four different supply curves for four products: A, B, C, and D. Which of the products has the most elastic supply curve?
A)product A
B)product B
C)product C
D)product D

Question

(Figure: Supply Curves) The figure shows four different supply curves for four products: A, B, C, and D. Which of the products has the most elastic supply curve? 
A)product A 
B)product B 
C)product C 
D)product D

Quizplus · Accepted Answer

Product C has the most elastic supply curve because it has a flatter slope, indicating that a slight change in price results in a large change in quantity supplied. This means that suppliers of product C are very responsive to changes in price. Conversely, products A, B, and D have steeper slopes, indicating less responsiveness to changes in price and therefore less elastic supply curves.

(Figure: Supply Curves) the Figure Shows Four Different Supply Curves