Below are two supply curves with differing elasticities. First, move point A to the perfectly inelastic supply curve and point B to the perfectly elastic supply curve. Next, place each characteristic of supply curves in the appropriate category. Price 20 19 18 A 17 16 15 B 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 Perfectly inelastic Perfectly elastic Answer Bank 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Quantity A shift in demand will not elicit a change in quantity supplied. Quantity supplied does not respond to changes in price. A shift in demand will elicit a large response in quantity supplied. Quantity supplied is hyper-sensitive to changes in price.