[Difficult! - we didn't cover this directly but you should be able to figure it out based on what we've learned] We know that demand elasticity can be represented by how steep the demand curve is in the market. When we're talking about an individual producer, they don't see the entire market demand. From their point of view, if they charge the market price they can sell as much as they want, but if they raise their prices even a little they'll sell nothing. So they see the kind of demand curve you drew in the previous question. From the individual producer's point of view in a competitive market, demand is... . O Very elastic Very inelastic At first very inelastic, but then more elastic over time