Elasticity of Supply Graphs
Given the graphs above, which of the following is likely true?
(1 point)
Responses
Over the short run, the elasticity of quantity supplied by firms tends to be like both graphs.
Over the short run, the elasticity of quantity supplied by firms tends to be like both graphs.
Over the short run, the elasticity of quantity supplied by firms tends to be more like the graph on the left.
Over the short run, the elasticity of quantity supplied by firms tends to be more like the graph on the left.
Over the short run, the elasticity of quantity supplied by firms tends to be more like the graph
on the right.
Over the short run, the elasticity of quantity supplied by firms tends to be more like the graph on the right.