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 ...
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