Figure: Supply Elasticity Refer to the Figure

Multiple Choice

Figure: Supply Elasticity Refer to the figure. It shows two different supply curves. Based on the graph, which statement is TRUE?

A) The same price increase would cause a bigger increase in the quantity supplied along curve A.
B) The same price increase would cause a bigger increase in the quantity supplied along curve B.
C) Curve A reflects a less responsive supply.
D) If comparing responsiveness from a common point, like the intersection, we can conclude that supply curve B is more elastic.