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-If a Small Percentage Change in the Price Brings a Very

Question 140

Multiple Choice

-If a small percentage change in the price brings a very large percentage change in the quantity supplied,then the supply is almost perfectly ________ and the supply curve is almost ________. A) elastic; vertical B) elastic; horizontal C) inelastic; horizontal D) inelastic; vertical E) elastic; 45 degrees
-If a small percentage change in the price brings a very large percentage change in the quantity supplied,then the supply is almost perfectly ________ and the supply curve is almost ________.


A) elastic; vertical
B) elastic; horizontal
C) inelastic; horizontal
D) inelastic; vertical
E) elastic; 45 degrees

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