X-axis represents “Quantity (tons of silicon per month)”. It represents values 100 and 130, with the axis broken between 0 and 100. The y-axis represents “Price (dollars per ton)”. It represents values 0 and 1.

The chart shows a horizontal line labeled “S” at (0, 1).

Above the line a note states “(1) A close-to-zero percent price rise ...” and (2) ... increases the quantity supplied by a very large percentage.” Below the line a note states (3) The supply of silicon is perfectly elastic.”

The x-axis represents “Quantity (millions of books per year)”. It represents the values 90, 100, 110, and 130, with the axis broken between 0 and 90. The y-axis represents “Price (dollars per book)”. It represents values 95, 100, and 105, with the axis broken between ...

Get Foundations of Economics, 8th Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.