Posted by **Samantha** on Saturday, November 4, 2006 at 10:13am.

Consider 2 markets for carpenters: the city of Portland and the United States. Draw 2 supply curves for the carpenters: one for the city of Portland and one for the US. In which market would you expect more elasticity supply of carpenters? If you can't draw the graphs describe their shape( steep, flat, upward sloping, downward sloping, etc)

In general, the smaller the market, the more likely the supply curve will be inelastic.

## Answer This Question

## Related Questions

- Math - Anthony is building a toolbox with length 2 feet width 1 foot and height ...
- Economics - How is elasticity of supply related to elasticity of demand? Is this...
- Social Studies - HELP MS. SUE!!! 1. Nearly every village in mexico has a church ...
- Math - You plan to go from Portland to Tucson. Let x be the distance in miles of...
- social studies - what natural resources made portland a good location for a city...
- math,algebra,geography - The time required for completing 3 tasks:type-1 , type-...
- History - Can someone check my answers please? (They are at the bottom) 1. ...
- Math - Four carpenters each built an average of 42 chairs last week. If no ...
- Economics - For each of the following possible events, indicate whether the ...
- economics - For each of the following possible events, indicate whether the ...

More Related Questions