Figure 6-6
-Refer to Figure 6-6.A unit-elastic supply curve is shown in
A) Panel A.
B) Panel B.
C) Panel C.
D) Panel D.

Name: Figure 6-6 -Refer to Figure 6-6.A unit-elastic supply curve is shown in A) Panel A. B) Panel B. C) Panel C. D) Panel D.
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Question

Figure 6-6 
-Refer to Figure 6-6.A unit-elastic supply curve is shown in
A) Panel A. 
B) Panel B. 
C) Panel C. 
D) Panel D.

Quizplus · Accepted Answer

A unit-elastic supply curve is represented by a straight line that passes through the origin, indicating that the percentage change in quantity supplied is equal to the percentage change in price. Panel C typically illustrates this characteristic.

Figure 6-6 -Refer to Figure 6-6.A Unit-Elastic Supply Curve Is Shown in Is