As elasticity rises,what happens to the supply curve
A)It gets flatter.
B)It gets steeper.
C)It becomes vertical.
D)It becomes downward sloping.

Question

Quizplus · Accepted Answer

As elasticity increases, producers are more sensitive to changes in price, and are more likely to increase or decrease supply as a response. This means that the supply curve becomes flatter, as relatively small changes in price lead to larger changes in quantity supplied.

As Elasticity Rises,what Happens to the Supply Curve