If two linear supply curves run through a common point, then at any given quantity the curve that is flatter is more elastic.

Question

Quizplus · Accepted Answer

When two linear supply curves run through a common point, the flatter curve has a smaller slope (i.e., it changes less in response to a change in price) and a larger elasticity of supply. Therefore, at any given quantity, the flatter curve is more elastic.

If Two Linear Supply Curves Run Through a Common Point